State Street Corp Acquires 38,877 Shares of Hawkins, Inc. (NASDAQ:HWKN)

State Street Corp raised its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 5.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 755,995 shares of the specialty chemicals company's stock after purchasing an additional 38,877 shares during the quarter. State Street Corp owned 3.62% of Hawkins worth $96,367,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HWKN. Larson Financial Group LLC grew its position in shares of Hawkins by 8,633.3% in the 3rd quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company's stock worth $33,000 after acquiring an additional 259 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Hawkins by 71.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company's stock valued at $51,000 after buying an additional 168 shares during the last quarter. Farther Finance Advisors LLC boosted its stake 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 acquiring an additional 347 shares during the period. SG Americas Securities LLC bought a new position in Hawkins during the 3rd quarter worth $100,000. Finally, USA Financial Formulas lifted its stake 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 buying an additional 230 shares during the last quarter. 69.71% of the stock is owned by institutional investors and hedge funds.

Hawkins Price Performance

HWKN traded down $2.06 on Tuesday, reaching $127.82. The company had a trading volume of 107,819 shares, compared to its average volume of 126,103. The company has a fifty day moving average of $126.80 and a 200-day moving average of $114.68. The company has a market capitalization of $2.67 billion, a P/E ratio of 33.22, a PEG ratio of 4.76 and a beta of 0.83. Hawkins, Inc. has a one year low of $54.44 and a one year high of $139.55. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share 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 firm had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. As a group, equities research analysts anticipate that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.18 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.56%. Hawkins's payout ratio is currently 18.41%.

Analyst Ratings Changes

Separately, BWS Financial restated a "neutral" rating and issued a $122.00 price target on shares of Hawkins in a research note on Thursday, October 31st.

Hawkins Profile

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.