Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. reduced its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 307,200 shares of the specialty chemicals company’s stock after selling 740 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Hawkins were worth $37,684,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HWKN. Farther Finance Advisors LLC grew its position in shares of 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 buying an additional 347 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Hawkins in the 3rd quarter valued at $229,000. State of New Jersey Common Pension Fund D acquired a new stake in Hawkins during the 3rd quarter worth $2,021,000. Aptus Capital Advisors LLC grew its position in Hawkins by 15.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 60,235 shares of the specialty chemicals company’s stock worth $7,678,000 after purchasing an additional 8,132 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Hawkins by 26.9% in the third quarter. Victory Capital Management Inc. now owns 112,966 shares of the specialty chemicals company’s stock valued at $14,400,000 after purchasing an additional 23,940 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Stock Down 1.0 %

Shares of NASDAQ:HWKN opened at $104.86 on Thursday. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 3.80 and a beta of 0.77. Hawkins, Inc. has a fifty-two week low of $71.20 and a fifty-two week high of $139.55. The firm’s 50-day simple moving average is $111.06 and its 200-day simple moving average is $119.97. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. As a group, equities research analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, February 14th. Hawkins’s dividend payout ratio is currently 18.37%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a research report on Friday, January 31st.

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.