Hawkins, Inc. $HWKN Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,021 shares of the specialty chemicals company’s stock after selling 4,556 shares during the period. Segall Bryant & Hamill LLC owned about 0.42% of Hawkins worth $13,520,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in Hawkins in the 4th quarter valued at $29,000. MBM Wealth Consultants LLC purchased a new stake in shares of Hawkins during the first quarter worth about $33,000. Sound Income Strategies LLC purchased a new position in Hawkins in the 4th quarter valued at about $34,000. Simplex Trading LLC boosted its holdings in Hawkins by 246.0% in the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 246 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Hawkins during the 3rd quarter worth approximately $79,000. 69.71% of the stock is owned by institutional investors and hedge funds.

Hawkins Price Performance

Shares of HWKN stock opened at $128.03 on Friday. The firm’s 50-day moving average is $148.53 and its two-hundred day moving average is $149.93. The company has a market capitalization of $2.67 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 2.31 and a beta of 0.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.27 and a quick ratio of 1.46. Hawkins, Inc. has a 12 month low of $117.98 and a 12 month high of $186.15.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.04). The business had revenue of $315.68 million for the quarter, compared to analyst estimates of $313.42 million. Hawkins had a return on equity of 15.42% and a net margin of 7.29%. Analysts predict that Hawkins, Inc. will post 4.27 earnings per share for the current year.

Hawkins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, August 14th. Hawkins’s payout ratio is currently 19.69%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HWKN. Weiss Ratings cut Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. Barclays set a $142.00 price target on shares of Hawkins and gave the stock an “equal weight” rating in a research note on Friday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $171.00.

About Hawkins

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.