Inspire Investing LLC Has $353,000 Position in Hawkins, Inc. (NASDAQ:HWKN)

Inspire Investing LLC trimmed its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 16.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,877 shares of the specialty chemicals company’s stock after selling 763 shares during the quarter. Inspire Investing LLC’s holdings in Hawkins were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its stake in shares of Hawkins by 116.9% in the 1st quarter. Nordea Investment Management AB now owns 104,537 shares of the specialty chemicals company’s stock valued at $8,049,000 after acquiring an additional 56,330 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in shares of Hawkins by 42.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 30,193 shares of the specialty chemicals company’s stock valued at $2,126,000 after purchasing an additional 8,923 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Hawkins during the first quarter worth about $31,504,000. State Board of Administration of Florida Retirement System increased its stake in shares of Hawkins by 83.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 14,521 shares of the specialty chemicals company’s stock valued at $1,115,000 after buying an additional 6,627 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Hawkins by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 1,516,717 shares of the specialty chemicals company’s stock valued at $106,807,000 after buying an additional 62,224 shares during the last quarter. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Trading Down 1.3 %

HWKN opened at $121.40 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.27 and a quick ratio of 1.44. Hawkins, Inc. has a fifty-two week low of $53.64 and a fifty-two week high of $127.35. The company’s 50 day moving average price is $116.19 and its two-hundred day moving average price is $93.91. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 3.94 and a beta of 0.74.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, July 31st. The specialty chemicals company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. The business had revenue of $255.88 million during the quarter, compared to the consensus estimate of $254.30 million. Hawkins had a return on equity of 20.16% and a net margin of 8.75%. As a group, research analysts predict that Hawkins, Inc. will post 4.14 earnings per share for the current year.

Hawkins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.59%. This is an increase from Hawkins’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, August 16th. Hawkins’s dividend payout ratio (DPR) is 20.06%.

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.