Strs Ohio Reduces Position in Hawkins, Inc. $HWKN

Strs Ohio lessened its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 92.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300 shares of the specialty chemicals company’s stock after selling 3,800 shares during the quarter. Strs Ohio’s holdings in Hawkins were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. First Horizon Corp purchased a new position in shares of Hawkins during the 3rd quarter valued at $34,000. Sound Income Strategies LLC purchased a new position in shares of Hawkins during the 4th quarter valued at $34,000. Aster Capital Management DIFC Ltd lifted its stake in shares of Hawkins by 62.2% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock valued at $55,000 after buying an additional 115 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Hawkins by 694.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 405 shares of the specialty chemicals company’s stock valued at $74,000 after buying an additional 354 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Hawkins during the 3rd quarter valued at $79,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Analyst Ratings Changes

HWKN has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Hawkins in a research note on Friday, April 10th. BWS Financial restated a “buy” rating and set a $200.00 target price on shares of Hawkins in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $200.00.

Hawkins Stock Down 4.0%

Shares of HWKN stock opened at $161.83 on Thursday. The stock has a market cap of $3.38 billion, a P/E ratio of 40.97, a PEG ratio of 3.23 and a beta of 0.81. Hawkins, Inc. has a 52 week low of $115.35 and a 52 week high of $186.15. The company has a quick ratio of 1.46, a current ratio of 2.35 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $153.61 and its two-hundred day simple moving average is $146.15.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.02). The company had revenue of $265.91 million during the quarter, compared to analysts’ expectations of $255.28 million. Hawkins had a return on equity of 16.85% and a net margin of 7.75%. Analysts predict that Hawkins, Inc. will post 3.91 EPS for the current fiscal year.

Hawkins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a $0.19 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.5%. Hawkins’s payout ratio is presently 19.24%.

About Hawkins

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.