Kopp Family Office LLC Sells 15,321 Shares of Hawkins, Inc. $HWKN

Kopp Family Office LLC cut its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 56.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,636 shares of the specialty chemicals company’s stock after selling 15,321 shares during the period. Hawkins accounts for 1.0% of Kopp Family Office LLC’s portfolio, making the stock its 16th biggest position. Kopp Family Office LLC’s holdings in Hawkins were worth $1,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HWKN. Kestra Advisory Services LLC purchased a new position in Hawkins during the 4th quarter valued at $29,000. MBM Wealth Consultants LLC bought a new position in Hawkins in the 1st quarter worth $33,000. Sound Income Strategies LLC purchased a new stake in shares of Hawkins in the 4th quarter worth about $34,000. Simplex Trading LLC boosted its stake in shares of Hawkins by 246.0% during the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 246 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Hawkins during the 3rd quarter valued at about $79,000. Institutional investors own 69.71% of the company’s stock.

Hawkins Trading Up 0.6%

Shares of NASDAQ HWKN opened at $130.66 on Tuesday. Hawkins, Inc. has a 1 year low of $117.98 and a 1 year high of $186.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.27 and a quick ratio of 1.54. The firm has a 50-day moving average of $145.54 and a 200 day moving average of $149.02. The stock has a market cap of $2.73 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 2.68 and a beta of 0.79.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.04). Hawkins had a return on equity of 15.42% and a net margin of 7.29%.The business had revenue of $315.68 million during the quarter, compared to analysts’ expectations of $313.42 million. As a group, sell-side analysts expect that Hawkins, Inc. will post 4.04 EPS for the current fiscal year.

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th. Hawkins’s payout ratio is currently 19.69%.

Wall Street Analysts Forecast Growth

HWKN has been the topic of several research analyst reports. Barclays set a $142.00 price target on shares of Hawkins and gave the company an “equal weight” rating in a research report on Friday, July 31st. Zacks Research cut Hawkins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. BWS Financial reissued a “buy” rating and issued a $200.00 target price on shares of Hawkins in a research report on Monday, August 3rd. Finally, Weiss Ratings cut Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $171.00.

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.