Inspire Advisors LLC Sells 120 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Inspire Advisors LLC reduced its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 2.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,699 shares of the specialty chemicals company’s stock after selling 120 shares during the period. Inspire Advisors LLC’s holdings in Hawkins were worth $576,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in shares of Hawkins by 8,633.3% during the third 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 during the period. Blue Trust Inc. grew its position in Hawkins by 155.4% in the 4th quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 216 shares during the period. Smartleaf Asset Management LLC increased its stake in Hawkins by 262.3% during the 4th 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. TD Private Client Wealth LLC raised its holdings 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 during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Hawkins by 289.2% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock valued at $59,000 after buying an additional 347 shares in the last quarter. Institutional investors own 69.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Hawkins Stock Performance

Shares of Hawkins stock opened at $105.88 on Wednesday. Hawkins, Inc. has a 52 week low of $70.85 and a 52 week high of $139.55. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $111.42 and a 200-day moving average price of $120.08. The company has a market cap of $2.22 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. Equities analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.18 per share. The ex-dividend date was Friday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 0.68%. Hawkins’s payout ratio is 18.37%.

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.