Public Sector Pension Investment Board Lowers Stock Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Public Sector Pension Investment Board lessened its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,357 shares of the specialty chemicals company’s stock after selling 1,500 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.19% of Hawkins worth $5,144,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its stake in Hawkins by 1.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,985 shares of the specialty chemicals company’s stock worth $4,070,000 after buying an additional 693 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Hawkins by 7,343.9% in the first quarter. Public Employees Retirement System of Ohio now owns 22,555 shares of the specialty chemicals company’s stock worth $1,732,000 after acquiring an additional 22,252 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Hawkins by 21.6% in the first quarter. Janus Henderson Group PLC now owns 43,243 shares of the specialty chemicals company’s stock valued at $3,320,000 after purchasing an additional 7,683 shares during the period. DekaBank Deutsche Girozentrale increased its position in Hawkins by 28.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 11,934 shares of the specialty chemicals company’s stock worth $915,000 after purchasing an additional 2,618 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its stake in Hawkins by 8.0% during the second quarter. Linden Thomas Advisory Services LLC now owns 9,579 shares of the specialty chemicals company’s stock worth $872,000 after purchasing an additional 710 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Stock Up 0.8 %

Shares of NASDAQ:HWKN opened at $134.51 on Monday. The stock has a 50-day simple moving average of $124.60 and a 200-day simple moving average of $110.80. The stock has a market capitalization of $2.81 billion, a P/E ratio of 34.40, a PEG ratio of 4.67 and a beta of 0.77. Hawkins, Inc. has a 1 year low of $54.44 and a 1 year high of $138.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data 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). Hawkins had a return on equity of 19.64% and a net margin of 8.74%. The business had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. Equities analysts forecast that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.54%. The ex-dividend date was Friday, November 15th. Hawkins’s dividend payout ratio (DPR) is presently 18.41%.

Wall Street Analyst Weigh In

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

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.