Farther Finance Advisors LLC Grows Stake in Hawkins, Inc. (NASDAQ:HWKN)

Farther Finance Advisors LLC lifted its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 5,050.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,862 shares of the specialty chemicals company's stock after buying an additional 15,554 shares during the period. Farther Finance Advisors LLC owned about 0.08% of Hawkins worth $1,719,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HWKN. Vermillion Wealth Management Inc. purchased a new position in Hawkins in the 4th quarter worth approximately $34,000. Blue Trust Inc. raised its stake in shares of Hawkins by 155.4% in the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock worth $44,000 after purchasing an additional 216 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Hawkins during the fourth quarter valued at $53,000. Smartleaf Asset Management LLC lifted its holdings in shares of Hawkins by 262.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock valued at $55,000 after purchasing an additional 320 shares in the last quarter. Finally, Defined Financial Planning LLC purchased a new stake in shares of Hawkins during the fourth quarter valued at $205,000. Hedge funds and other institutional investors own 69.71% of the company's stock.

Hawkins Stock Performance

Shares of Hawkins stock traded up $3.84 on Friday, hitting $136.89. 124,793 shares of the company's stock were exchanged, compared to its average volume of 125,604. Hawkins, Inc. has a 1 year low of $84.56 and a 1 year high of $139.55. The company has a 50-day simple moving average of $123.96 and a 200-day simple moving average of $118.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50. The stock has a market capitalization of $2.85 billion, a PE ratio of 35.20, a PEG ratio of 3.80 and a beta of 0.85.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its earnings results on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The company had revenue of $245.32 million for the quarter, compared to the consensus estimate of $230.69 million. Hawkins had a return on equity of 18.95% and a net margin of 8.60%. As a group, equities analysts anticipate that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.53%. The ex-dividend date is Friday, May 30th. Hawkins's dividend payout ratio is 17.82%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HWKN. Wall Street Zen lowered Hawkins from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. BWS Financial reissued a "buy" rating and set a $160.00 price objective on shares of Hawkins in a report on Thursday, May 15th. Finally, CJS Securities began coverage on shares of Hawkins in a report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 target price on the stock.

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.