Granite Investment Partners LLC Sells 1,808 Shares of Hawkins, Inc. (HWKN)
Granite Investment Partners LLC decreased its position in Hawkins, Inc. (NASDAQ:HWKN) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 36,283 shares of the specialty chemicals company’s stock after selling 1,808 shares during the period. Granite Investment Partners LLC’s holdings in Hawkins were worth $1,682,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the company. Texas Permanent School Fund boosted its stake in Hawkins by 0.7% in the second quarter. Texas Permanent School Fund now owns 6,978 shares of the specialty chemicals company’s stock valued at $323,000 after buying an additional 49 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Hawkins by 2.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the specialty chemicals company’s stock valued at $185,000 after buying an additional 80 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Hawkins by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 48,647 shares of the specialty chemicals company’s stock valued at $2,255,000 after buying an additional 541 shares during the last quarter. Bessemer Group Inc. boosted its stake in Hawkins by 5.8% in the second quarter. Bessemer Group Inc. now owns 16,400 shares of the specialty chemicals company’s stock valued at $760,000 after buying an additional 900 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new stake in Hawkins during the second quarter valued at $248,000. 60.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hawkins, Inc. (NASDAQ HWKN) opened at 40.15 on Friday. Hawkins, Inc. has a 12-month low of $38.60 and a 12-month high of $54.80. The stock has a market cap of $426.35 million, a PE ratio of 20.47 and a beta of 0.73. The firm has a 50 day moving average price of $45.52 and a 200 day moving average price of $48.33.
Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $0.55 EPS for the quarter. Hawkins had a return on equity of 9.53% and a net margin of 4.28%. The business had revenue of $133.73 million for the quarter. On average, equities analysts expect that Hawkins, Inc. will post $2.52 EPS for the current year.
The company also recently announced a semiannual dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be given a $0.44 dividend. This is an increase from Hawkins’s previous semiannual dividend of $0.42. This represents a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, September 21st. Hawkins’s payout ratio is currently 42.64%.
Separately, BidaskClub cut Hawkins from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th.
In related news, VP Richard G. Erstad sold 2,000 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $48.00, for a total value of $96,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.70% of the stock is currently owned by insiders.
Hawkins Company Profile
Hawkins, Inc distributes, blends and manufactures chemicals and specialty ingredients for its customers in a range of industries. The Company conducts its business in three segments: Industrial, Water Treatment, and Health and Nutrition. Its Industrial segment is engaged in providing industrial chemicals, products and services to various industries, such as agriculture, chemical processing, electronics and energy.
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