Hoese & Co LLP cut its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN – Free Report) by 31.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,510 shares of the specialty chemicals company’s stock after selling 1,630 shares during the period. Hoese & Co LLP’s holdings in Hawkins were worth $167,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in shares of Hawkins by 3.1% in the 4th quarter. AQR Capital Management LLC now owns 8,766 shares of the specialty chemicals company’s stock valued at $338,000 after purchasing an additional 260 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Hawkins by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,801 shares of the specialty chemicals company’s stock worth $2,313,000 after buying an additional 270 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Hawkins by 17.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,520 shares of the specialty chemicals company’s stock worth $98,000 after acquiring an additional 369 shares in the last quarter. Credit Suisse AG increased its holdings in shares of Hawkins by 3.5% in the 3rd quarter. Credit Suisse AG now owns 15,745 shares of the specialty chemicals company’s stock valued at $613,000 after acquiring an additional 529 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Hawkins by 11.2% during the 1st quarter. Advisory Services Network LLC now owns 5,580 shares of the specialty chemicals company’s stock worth $244,000 after acquiring an additional 560 shares in the last quarter. 61.29% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. StockNews.com started coverage on shares of Hawkins in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. BWS Financial raised Hawkins from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Monday, August 7th.
Hawkins Stock Performance
Shares of Hawkins stock traded down $0.36 during trading on Tuesday, reaching $60.02. The company’s stock had a trading volume of 14,222 shares, compared to its average volume of 79,656. The company has a 50-day moving average price of $54.10 and a two-hundred day moving average price of $47.87. Hawkins, Inc. has a fifty-two week low of $36.62 and a fifty-two week high of $63.21. The firm has a market cap of $1.27 billion, a PE ratio of 19.86 and a beta of 0.75. The company has a current ratio of 2.40, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21.
Hawkins (NASDAQ:HWKN – Get Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The specialty chemicals company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.51. Hawkins had a net margin of 6.79% and a return on equity of 18.31%. The company had revenue of $251.12 million for the quarter, compared to analyst estimates of $242.00 million. On average, analysts forecast that Hawkins, Inc. will post 3.4 EPS for the current year.
Hawkins Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.07%. This is a boost from Hawkins’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, August 17th. Hawkins’s dividend payout ratio (DPR) is presently 21.05%.
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.
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