Thrivent Financial for Lutherans Acquires 13,709 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Thrivent Financial for Lutherans increased its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 86.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,507 shares of the specialty chemicals company's stock after buying an additional 13,709 shares during the period. Thrivent Financial for Lutherans owned 0.14% of Hawkins worth $3,761,000 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. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Hawkins during the 3rd quarter worth $5,528,000. Natixis Advisors LLC bought a new position in Hawkins during the third quarter valued at about $2,495,000. Royce & Associates LP raised its holdings in Hawkins by 3.3% during the third quarter. Royce & Associates LP now owns 117,785 shares of the specialty chemicals company's stock valued at $15,014,000 after buying an additional 3,775 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Hawkins by 26.9% in the third quarter. Victory Capital Management Inc. now owns 112,966 shares of the specialty chemicals company's stock worth $14,400,000 after buying an additional 23,940 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in shares of Hawkins by 15.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 60,235 shares of the specialty chemicals company's stock worth $7,678,000 after acquiring an additional 8,132 shares in the last quarter. Institutional investors own 69.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

Hawkins Stock Performance

HWKN stock traded up $5.44 during mid-day trading on Monday, reaching $135.47. 166,840 shares of the stock traded hands, compared to its average volume of 128,405. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $123.19 and a two-hundred day moving average of $109.03. The firm has a market capitalization of $2.83 billion, a PE ratio of 33.26, a P/E/G ratio of 4.51 and a beta of 0.77. Hawkins, Inc. has a 52 week low of $54.44 and a 52 week high of $136.43.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.02). The company had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. As a group, equities analysts predict that Hawkins, Inc. will post 4.12 EPS for the current fiscal year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors 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 yield of 0.53%. The ex-dividend date is Friday, November 15th. Hawkins's dividend payout ratio (DPR) is presently 18.41%.

Hawkins Company 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.