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

Hawkins, Inc. (NASDAQ:HWKN) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 407,000 shares, a growth of 8.2% from the October 15th total of 376,300 shares. Based on an average trading volume of 117,500 shares, the days-to-cover ratio is presently 3.5 days. Approximately 2.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in Hawkins by 8,633.3% in the third quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 259 shares during the period. GAMMA Investing LLC grew its position in 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 during the period. Farther Finance Advisors LLC grew its position in Hawkins by 289.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 347 shares during the period. TD Private Client Wealth LLC increased its stake in Hawkins by 242.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 325 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Hawkins during the third quarter worth $100,000. 69.71% of the stock is owned by institutional investors and hedge funds.

Hawkins Trading Up 0.5 %

Shares of Hawkins stock traded up $0.58 on Monday, reaching $124.18. 90,386 shares of the company’s stock were exchanged, compared to its average volume of 129,041. The company has a market capitalization of $2.60 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 4.29 and a beta of 0.77. Hawkins has a 52 week low of $54.44 and a 52 week high of $135.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The firm’s 50-day moving average is $122.04 and its two-hundred day moving average is $107.29.

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

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.58%. Hawkins’s dividend payout ratio is presently 18.41%.

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.