Hawkins, Inc. $HWKN Holdings Decreased by Valtinson Bruner Financial Planning LLC

Valtinson Bruner Financial Planning LLC decreased its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 17.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 71,301 shares of the specialty chemicals company’s stock after selling 15,224 shares during the quarter. Hawkins makes up approximately 2.2% of Valtinson Bruner Financial Planning LLC’s portfolio, making the stock its 14th biggest position. Valtinson Bruner Financial Planning LLC’s holdings in Hawkins were worth $8,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HWKN. BlackRock Inc. purchased a new position in Hawkins during the 2nd quarter valued at about $449,055,000. Giverny Capital Inc. purchased a new stake in shares of Hawkins in the 2nd quarter worth approximately $13,493,000. Bank of America Corp DE purchased a new stake in shares of Hawkins in the 2nd quarter worth approximately $12,860,000. Jupiter Topco LLC purchased a new stake in shares of Hawkins in the 2nd quarter worth approximately $1,348,000. Finally, Corient Private Wealth LP boosted its stake in shares of Hawkins by 79.5% during the second quarter. Corient Private Wealth LP now owns 8,842 shares of the specialty chemicals company’s stock valued at $1,256,000 after purchasing an additional 3,917 shares in the last quarter. Institutional investors own 69.71% of the company’s stock.

Hawkins Stock Down 2.5%

Shares of Hawkins stock opened at $152.00 on Friday. The firm’s 50 day moving average price is $131.52 and its 200-day moving average price is $143.14. The company has a quick ratio of 1.46, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. Hawkins, Inc. has a 52-week low of $116.04 and a 52-week high of $174.12. The company has a market cap of $3.16 billion, a P/E ratio of 36.89, a PEG ratio of 3.10 and a beta of 0.72.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Monday, October 26th. The specialty chemicals company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.19 by $0.15. Hawkins had a net margin of 7.53% and a return on equity of 15.97%. The firm had revenue of $313.82 million during the quarter, compared to analyst estimates of $302.70 million. On average, sell-side analysts predict that Hawkins, Inc. will post 4.19 EPS for the current fiscal year.

Hawkins Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be issued a $0.20 dividend. This is an increase from Hawkins’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, November 10th. Hawkins’s dividend payout ratio is presently 19.42%.

Insider Buying and Selling at Hawkins

In other Hawkins news, CFO Jeffrey P. Oldenkamp acquired 1,290 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was purchased at an average price of $119.00 per share, for a total transaction of $153,510.00. Following the acquisition, the chief financial officer owned 104,223 shares in the company, valued at approximately $12,402,537. This trade represents a 1.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Douglas A. Lange acquired 910 shares of the stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average cost of $118.75 per share, with a total value of $108,062.50. Following the transaction, the vice president directly owned 28,169 shares in the company, valued at approximately $3,345,068.75. This represents a 3.34% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Zacks Research raised shares of Hawkins from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 28th. BWS Financial restated a “buy” rating and set a $200.00 target price on shares of Hawkins in a report on Tuesday, October 27th. Weiss Ratings upgraded Hawkins from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 21st. Finally, Barclays set a $157.00 target price on Hawkins and gave the company an “equal weight” rating in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $178.50.

Hawkins Company Profile

Hawkins, Inc (NASDAQ:HWKN) is a chemical manufacturer, blender and distributor serving customers across the United States. The company supplies a range of water treatment chemicals, industrial chemicals and specialty products to municipal, commercial and industrial users.

Its water treatment business provides chemicals and related solutions used in drinking water, wastewater and industrial water treatment applications. Hawkins also serves the industrial, health and nutrition, and specialty chemical markets, offering products such as chemical blends, custom formulations and other materials used in manufacturing, agriculture, food processing and pharmaceutical applications.

Founded in 1938, Hawkins is headquartered in Roseville, Minnesota, and operates through a network of manufacturing, blending, distribution and sales locations in the United States.