Inspire Advisors LLC Has $459,000 Stake in Hawkins, Inc. $HWKN

Inspire Advisors LLC trimmed its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 33.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,232 shares of the specialty chemicals company’s stock after selling 1,649 shares during the period. Inspire Advisors LLC’s holdings in Hawkins were worth $459,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. increased its position in shares of Hawkins by 31.5% during the first quarter. Westwood Holdings Group Inc. now owns 599,015 shares of the specialty chemicals company’s stock valued at $63,448,000 after purchasing an additional 143,425 shares during the period. Geode Capital Management LLC boosted its stake in Hawkins by 1.1% during the second quarter. Geode Capital Management LLC now owns 478,348 shares of the specialty chemicals company’s stock worth $67,981,000 after buying an additional 5,110 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Hawkins by 35.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 473,752 shares of the specialty chemicals company’s stock valued at $67,320,000 after buying an additional 123,030 shares during the period. Bank of New York Mellon Corp increased its holdings in Hawkins by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 148,173 shares of the specialty chemicals company’s stock valued at $21,055,000 after buying an additional 558 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Hawkins by 42.2% in the 2nd quarter. Bessemer Group Inc. now owns 134,116 shares of the specialty chemicals company’s stock valued at $19,057,000 after buying an additional 39,790 shares in the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Trading Down 1.8%

HWKN opened at $124.72 on Thursday. Hawkins, Inc. has a 1-year low of $98.30 and a 1-year high of $186.15. The stock has a market capitalization of $2.61 billion, a PE ratio of 31.34, a PEG ratio of 2.25 and a beta of 0.82. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $159.62 and a two-hundred day moving average price of $153.34.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, October 29th. The specialty chemicals company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.16). The firm had revenue of $280.43 million for the quarter, compared to analyst estimates of $284.42 million. Hawkins had a return on equity of 17.79% and a net margin of 7.95%. As a group, equities analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. Hawkins’s payout ratio is 19.10%.

Insider Buying and Selling

In related news, VP Drew M. Grahek bought 1,587 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of $126.34 per share, for a total transaction of $200,501.58. Following the transaction, the vice president owned 39,640 shares of the company’s stock, valued at $5,008,117.60. This represents a 4.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HWKN shares. Zacks Research lowered shares of Hawkins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hawkins in a research note on Monday. Raymond James Financial started coverage on Hawkins in a report on Thursday, July 24th. They issued a “market perform” rating for the company. Finally, BWS Financial reaffirmed a “buy” rating and issued a $200.00 price target on shares of Hawkins in a research note on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hawkins presently has an average rating of “Hold” and an average target price of $162.50.

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.