Strs Ohio Sells 3,800 Shares of Hawkins, Inc. $HWKN

Strs Ohio lowered its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 92.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300 shares of the specialty chemicals company’s stock after selling 3,800 shares during the period. Strs Ohio’s holdings in Hawkins were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HWKN. First Horizon Corp purchased a new stake in Hawkins in the third quarter worth approximately $34,000. Sound Income Strategies LLC purchased a new stake in Hawkins in the fourth quarter worth approximately $34,000. Aster Capital Management DIFC Ltd boosted its holdings in Hawkins by 62.2% in the third quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock worth $55,000 after purchasing an additional 115 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Hawkins by 694.1% in the third quarter. Parkside Financial Bank & Trust now owns 405 shares of the specialty chemicals company’s stock worth $74,000 after purchasing an additional 354 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Hawkins in the third quarter worth approximately $79,000. Institutional investors own 69.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HWKN shares. BWS Financial restated a “buy” rating and issued a $200.00 target price on shares of Hawkins in a report on Monday, March 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Hawkins in a report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Hawkins has an average rating of “Hold” and a consensus target price of $200.00.

Hawkins Trading Down 4.0%

Shares of Hawkins stock opened at $161.83 on Thursday. The company’s fifty day simple moving average is $153.61 and its 200-day simple moving average is $146.15. The stock has a market capitalization of $3.38 billion, a PE ratio of 40.97, a P/E/G ratio of 3.23 and a beta of 0.81. Hawkins, Inc. has a 1-year low of $115.35 and a 1-year high of $186.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.35 and a quick ratio of 1.46.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.02). The business had revenue of $265.91 million for 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%. As a group, equities analysts anticipate that Hawkins, Inc. will post 3.91 earnings per share for the current year.

Hawkins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, May 29th. Hawkins’s dividend payout ratio (DPR) is currently 19.24%.

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.