Hawkins, Inc. (NASDAQ:HWKN) Short Interest Update

Hawkins, Inc. (NASDAQ:HWKN) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 665,400 shares, a growth of 63.5% from the October 31st total of 407,000 shares. Approximately 3.5% of the shares of the company are short sold. Based on an average trading volume of 119,500 shares, the short-interest ratio is presently 5.6 days.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a research report on Thursday, October 31st.

Hedge Funds Weigh In On Hawkins

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in shares of Hawkins by 8,633.3% during the 3rd quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 259 shares in the last quarter. GAMMA Investing LLC lifted 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 worth $51,000 after purchasing an additional 168 shares during the period. Farther Finance Advisors LLC lifted 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 worth $59,000 after purchasing an additional 347 shares during the period. TD Private Client Wealth LLC boosted its stake in Hawkins by 242.5% during the third quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 325 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Hawkins in the 3rd quarter valued at $100,000. 69.71% of the stock is currently owned by institutional investors.

Hawkins Stock Down 2.9 %

HWKN opened at $133.39 on Friday. The business has a 50 day moving average of $124.13 and a 200-day moving average of $110.01. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 4.70 and a beta of 0.77. 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 has a 1-year low of $54.44 and a 1-year high of $138.86.

Hawkins (NASDAQ:HWKN) last issued its quarterly 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). The company had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. As a group, sell-side analysts anticipate that Hawkins will post 4.12 earnings per share for the current year.

Hawkins Dividend Announcement

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 0.54%. The ex-dividend date is Friday, November 15th. Hawkins’s dividend payout ratio (DPR) is presently 18.41%.

About Hawkins

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.