De Lisle Partners LLP boosted its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 39.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,024 shares of the specialty chemicals company's stock after acquiring an additional 26,201 shares during the quarter. Hawkins accounts for 1.9% of De Lisle Partners LLP's investment portfolio, making the stock its 11th biggest position. De Lisle Partners LLP owned 0.44% of Hawkins worth $11,745,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in Hawkins by 8,633.3% in the third quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company's stock valued at $33,000 after purchasing an additional 259 shares during the period. GAMMA Investing LLC raised its position in Hawkins by 71.8% in the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company's stock valued at $51,000 after purchasing an additional 168 shares during the period. Farther Finance Advisors LLC raised its position in Hawkins by 289.2% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company's stock valued at $59,000 after purchasing an additional 347 shares during the period. SG Americas Securities LLC purchased a new position in Hawkins in the third quarter valued at about $100,000. Finally, USA Financial Formulas raised its position in Hawkins by 35.1% in the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company's stock valued at $113,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 69.71% of the company's stock.
Analyst Upgrades and Downgrades
Separately, BWS Financial reissued a "neutral" rating and issued a $122.00 price objective on shares of Hawkins in a research report on Thursday, October 31st.
Read Our Latest Research Report on HWKN
Hawkins Stock Down 2.9 %
Shares of NASDAQ HWKN traded down $3.92 during midday trading on Thursday, reaching $133.39. 93,150 shares of the company's stock were exchanged, compared to its average volume of 128,202. Hawkins, Inc. has a 52-week low of $54.44 and a 52-week high of $138.86. The stock has a market capitalization of $2.79 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 4.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The business's fifty day moving average price is $124.13 and its two-hundred day moving average price is $110.01.
Hawkins (NASDAQ:HWKN - Get Free Report) last announced its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). Hawkins had a return on equity of 19.64% and a net margin of 8.74%. The business had revenue of $247.03 million for the quarter, compared to analysts' expectations of $259.59 million. Analysts forecast that Hawkins, Inc. will post 4.12 EPS for the current year.
Hawkins Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Friday, November 15th. Hawkins's payout ratio is 18.41%.
About Hawkins
(
Free Report)
Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.
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