SG Americas Securities LLC Sells 9,235 Shares of Hawkins, Inc. (NASDAQ:HWKN)

SG Americas Securities LLC lessened its stake in shares of Hawkins, Inc. (NASDAQ:HWKN – Get Rating) by 48.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,661 shares of the specialty chemicals company’s stock after selling 9,235 shares during the period. SG Americas Securities LLC’s holdings in Hawkins were worth $443,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Dorsey Wright & Associates bought a new position in Hawkins during the 1st quarter worth $42,000. Larson Financial Group LLC bought a new position in Hawkins during the 4th quarter worth $53,000. Lazard Asset Management LLC boosted its holdings in shares of Hawkins by 15.2% in the 4th quarter. Lazard Asset Management LLC now owns 3,183 shares of the specialty chemicals company’s stock valued at $125,000 after purchasing an additional 421 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Hawkins in the 1st quarter valued at $133,000. Finally, Arizona State Retirement System acquired a new stake in shares of Hawkins in the 4th quarter valued at $203,000. Institutional investors own 64.98% of the company’s stock.

Hawkins Trading Up 3.0 %

Shares of HWKN stock opened at $40.15 on Friday. The stock’s fifty day moving average price is $36.21 and its two-hundred day moving average price is $39.37. The company has a market cap of $849.86 million, a PE ratio of 16.45 and a beta of 0.89. Hawkins, Inc. has a fifty-two week low of $32.44 and a fifty-two week high of $48.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.31 and a current ratio of 2.24.

Hawkins (NASDAQ:HWKN – Get Rating) last released its quarterly earnings data on Wednesday, May 18th. The specialty chemicals company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.07. Hawkins had a return on equity of 17.87% and a net margin of 6.65%. The company had revenue of $222.97 million for the quarter, compared to the consensus estimate of $188.90 million. During the same quarter last year, the business posted $0.43 EPS. Equities analysts predict that Hawkins, Inc. will post 2.14 EPS for the current fiscal year.

Hawkins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, June 2nd. Hawkins’s dividend payout ratio (DPR) is 22.95%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Hawkins from a “hold” rating to a “buy” rating in a report on Tuesday, July 12th.

Hawkins Profile

(Get Rating)

Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationally. 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.

Further Reading

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