Morgan Dempsey Capital Management LLC lowered its position in Hawkins, Inc. (NASDAQ:HWKN) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,970 shares of the specialty chemicals company’s stock after selling 591 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Hawkins were worth $648,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Texas Permanent School Fund raised its position in shares of Hawkins by 0.7% in the second quarter. Texas Permanent School Fund now owns 6,978 shares of the specialty chemicals company’s stock worth $323,000 after buying an additional 49 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of 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 period. Bessemer Group Inc. raised its position in shares of 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 period. Finally, Cigna Investments Inc. New purchased a new position in shares of Hawkins during the second quarter valued at $248,000. 60.58% of the stock is currently owned by institutional investors.
Hawkins, Inc. (HWKN) opened at 41.25 on Thursday. The company has a 50 day moving average price of $45.85 and a 200 day moving average price of $48.47. Hawkins, Inc. has a 12 month low of $38.60 and a 12 month high of $54.80. The stock has a market capitalization of $438.03 million, a price-to-earnings ratio of 19.37 and a beta of 0.73.
Hawkins (NASDAQ:HWKN) last issued its earnings results on Wednesday, May 31st. The specialty chemicals company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $118.62 million during the quarter. Hawkins had a net margin of 4.07% and a return on equity of 8.87%. Equities research analysts predict that Hawkins, Inc. will post $2.52 earnings per share for the current year.
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Separately, BidaskClub lowered Hawkins from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th.
In other Hawkins news, VP Richard G. Erstad sold 2,000 shares of Hawkins stock in a transaction on Monday, June 5th. The shares were sold at an average price of $48.00, for a total transaction of $96,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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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