Hawkins, Inc. (HWKN) Shares Sold by Principal Financial Group Inc.
Principal Financial Group Inc. lowered its stake in Hawkins, Inc. (NASDAQ:HWKN) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,699 shares of the specialty chemicals company’s stock after selling 38 shares during the quarter. Principal Financial Group Inc. owned about 0.68% of Hawkins worth $3,370,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. lifted its stake in Hawkins by 5.8% in the 2nd quarter. Bessemer Group Inc. now owns 16,400 shares of the specialty chemicals company’s stock worth $760,000 after purchasing an additional 900 shares in the last quarter. Prudential Financial Inc. lifted its stake in Hawkins by 32.1% in the 2nd quarter. Prudential Financial Inc. now owns 25,036 shares of the specialty chemicals company’s stock worth $1,161,000 after purchasing an additional 6,090 shares in the last quarter. Cigna Investments Inc. New purchased a new stake in Hawkins in the 2nd quarter worth $248,000. BNP Paribas Arbitrage SA lifted its stake in Hawkins by 61.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,789 shares of the specialty chemicals company’s stock worth $129,000 after purchasing an additional 1,057 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Hawkins by 11.7% in the 2nd quarter. Legal & General Group Plc now owns 17,555 shares of the specialty chemicals company’s stock worth $815,000 after purchasing an additional 1,837 shares in the last quarter. Institutional investors and hedge funds own 59.46% of the company’s stock.
Several analysts have commented on the stock. TheStreet cut shares of Hawkins from a “b” rating to a “c+” rating in a research note on Tuesday, August 15th. BidaskClub cut shares of Hawkins from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th.
Shares of Hawkins, Inc. (HWKN) opened at 41.05 on Friday. The stock has a market cap of $437.72 million, a PE ratio of 20.93 and a beta of 0.78. Hawkins, Inc. has a 52 week low of $35.15 and a 52 week high of $54.80. The firm has a 50-day moving average of $37.96 and a 200 day moving average of $44.91.
Hawkins (NASDAQ:HWKN) last announced its earnings results on Tuesday, August 8th. The specialty chemicals company reported $0.55 earnings per share (EPS) for the quarter. Hawkins had a net margin of 4.28% and a return on equity of 9.53%. The business had revenue of $133.73 million for the quarter. On average, equities analysts forecast that Hawkins, Inc. will post $2.52 EPS for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, September 21st. This is a positive change from Hawkins’s previous semiannual dividend of $0.42. This represents a yield of 2.16%. Hawkins’s payout ratio is presently 44.67%.
In other Hawkins news, Director Mary J. Schumacher purchased 1,400 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were purchased at an average cost of $35.80 per share, for a total transaction of $50,120.00. Following the completion of the transaction, the director now owns 6,616 shares of the company’s stock, valued at approximately $236,852.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard G. Erstad sold 1,200 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $40.59, for a total transaction of $48,708.00. Following the transaction, the vice president now owns 9,300 shares in the company, valued at $377,487. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.
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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