Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Hawkins, Inc. (NASDAQ:HWKN) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,984 shares of the specialty chemicals company’s stock after selling 3,918 shares during the quarter. Principal Financial Group Inc. owned approximately 0.46% of Hawkins worth $12,235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Hawkins by 71.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 168 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Hawkins by 289.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock worth $59,000 after acquiring an additional 347 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Hawkins during the 3rd quarter worth $100,000. USA Financial Formulas raised its stake in Hawkins by 35.1% during the 3rd quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock worth $113,000 after acquiring an additional 230 shares in the last quarter. Finally, Capital Investment Advisors LLC acquired a new stake in Hawkins during the 3rd quarter worth $225,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Price Performance

Shares of NASDAQ:HWKN opened at $123.60 on Friday. The company’s fifty day moving average price is $122.04 and its 200 day moving average price is $107.06. Hawkins, Inc. has a 12 month low of $54.44 and a 12 month high of $135.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39. The firm has a market capitalization of $2.58 billion, a P/E ratio of 31.61, a P/E/G ratio of 4.35 and a beta of 0.77.

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

Hawkins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, November 15th. Hawkins’s payout ratio is currently 18.41%.

Analyst Ratings Changes

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

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.