King Luther Capital Management Corp Lowers Stock Holdings in Hawkins, Inc. $HWKN

King Luther Capital Management Corp trimmed its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 23.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 73,327 shares of the specialty chemicals company’s stock after selling 21,849 shares during the period. King Luther Capital Management Corp owned approximately 0.35% of Hawkins worth $10,417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Common Retirement Fund increased its position in shares of Hawkins by 137.5% during the third quarter. New York State Common Retirement Fund now owns 16,302 shares of the specialty chemicals company’s stock valued at $2,979,000 after acquiring an additional 9,439 shares in the last quarter. Callan Family Office LLC bought a new stake in shares of Hawkins during the third quarter valued at approximately $1,568,000. NewEdge Wealth LLC bought a new stake in shares of Hawkins during the third quarter valued at approximately $935,000. Principal Financial Group Inc. increased its position in shares of Hawkins by 12.7% during the third quarter. Principal Financial Group Inc. now owns 113,371 shares of the specialty chemicals company’s stock valued at $20,715,000 after acquiring an additional 12,767 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Hawkins by 74.6% during the third quarter. Envestnet Asset Management Inc. now owns 24,050 shares of the specialty chemicals company’s stock valued at $4,394,000 after acquiring an additional 10,279 shares in the last quarter. Institutional investors own 69.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings raised Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. BWS Financial reissued a “buy” rating and issued a $200.00 target price on shares of Hawkins in a research report on Monday, March 23rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Hawkins Price Performance

Shares of HWKN opened at $158.64 on Thursday. The firm has a market cap of $3.31 billion, a PE ratio of 40.57, a P/E/G ratio of 2.82 and a beta of 0.81. The company has a current ratio of 2.21, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $155.20 and a two-hundred day simple moving average of $146.77. Hawkins, Inc. has a 1-year low of $117.98 and a 1-year high of $186.15.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The company had revenue of $265.91 million for the quarter, compared to analysts’ expectations of $255.28 million. Hawkins had a net margin of 7.53% and a return on equity of 16.08%. On average, equities analysts anticipate that Hawkins, Inc. will post 4.27 EPS for the current year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. Hawkins’s payout ratio is currently 19.44%.

Hawkins Profile

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.