Linden Thomas Advisory Services LLC Sells 5,382 Shares of Hawkins, Inc. $HWKN

Linden Thomas Advisory Services LLC lowered its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 38.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,595 shares of the specialty chemicals company’s stock after selling 5,382 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Hawkins were worth $1,221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SkyOak Wealth LLC boosted its holdings in Hawkins by 3.8% during the 1st quarter. SkyOak Wealth LLC now owns 2,374 shares of the specialty chemicals company’s stock worth $251,000 after acquiring an additional 88 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Hawkins by 20.4% during the first quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company’s stock worth $56,000 after purchasing an additional 90 shares during the last quarter. Hsbc Holdings PLC grew its position in Hawkins by 3.7% in the 1st quarter. Hsbc Holdings PLC now owns 2,976 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 105 shares in the last quarter. Focus Financial Network Inc. grew its position in Hawkins by 5.7% in the 2nd quarter. Focus Financial Network Inc. now owns 2,199 shares of the specialty chemicals company’s stock worth $312,000 after purchasing an additional 119 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Hawkins by 118.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 152 shares during the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HWKN. Zacks Research downgraded Hawkins from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Wall Street Zen downgraded Hawkins from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hawkins in a research report on Tuesday, October 14th. Raymond James Financial initiated coverage on shares of Hawkins in a report on Thursday, July 24th. They issued a “market perform” rating on the stock. Finally, BWS Financial raised their price objective on shares of Hawkins from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.50.

Hawkins Trading Up 1.5%

Shares of HWKN opened at $166.53 on Monday. Hawkins, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $186.15. The business has a 50-day moving average of $171.87 and a 200 day moving average of $151.43. The firm has a market cap of $3.48 billion, a P/E ratio of 41.02, a price-to-earnings-growth ratio of 2.36 and a beta of 0.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.31.

Hawkins (NASDAQ:HWKN) last issued its earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $293.27 million during the quarter, compared to analyst estimates of $278.76 million. Hawkins had a net margin of 8.37% and a return on equity of 18.35%. As a group, research analysts forecast that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.19 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Hawkins’s previous quarterly dividend of $0.18. Hawkins’s dividend payout ratio (DPR) is presently 18.72%.

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.