Hawkins, Inc. (NASDAQ:HWKN) Position Lessened by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lowered its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 0.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,914 shares of the specialty chemicals company’s stock after selling 269 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.15% of Hawkins worth $3,274,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HWKN. Vermillion Wealth Management Inc. bought a new stake in shares of Hawkins during the fourth quarter valued at approximately $34,000. NewEdge Advisors LLC bought a new stake in Hawkins during the 4th quarter valued at $53,000. GAMMA Investing LLC boosted its position in Hawkins by 20.4% during the 1st quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company’s stock worth $56,000 after acquiring an additional 90 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Hawkins by 40.0% in the first quarter. TD Private Client Wealth LLC now owns 661 shares of the specialty chemicals company’s stock worth $70,000 after purchasing an additional 189 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Hawkins by 26.4% during the first quarter. Nisa Investment Advisors LLC now owns 981 shares of the specialty chemicals company’s stock valued at $104,000 after purchasing an additional 205 shares during the period. 69.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HWKN has been the subject of several research analyst reports. CJS Securities started coverage on shares of Hawkins in a research report on Tuesday, April 1st. They issued a “market outperform” rating and a $125.00 target price for the company. Wall Street Zen cut shares of Hawkins from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Finally, BWS Financial reiterated a “buy” rating and set a $160.00 price objective on shares of Hawkins in a research note on Thursday, May 15th.

Hawkins Trading Up 1.8%

Shares of HWKN stock opened at $158.06 on Tuesday. The stock has a 50-day simple moving average of $134.88 and a 200 day simple moving average of $120.33. The stock has a market capitalization of $3.30 billion, a P/E ratio of 39.12, a P/E/G ratio of 2.59 and a beta of 0.85. Hawkins, Inc. has a fifty-two week low of $98.08 and a fifty-two week high of $158.22. The company has a quick ratio of 1.37, a current ratio of 2.15 and a debt-to-equity ratio of 0.30.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $245.32 million during the quarter, compared to the consensus estimate of $230.69 million. Hawkins had a return on equity of 18.93% and a net margin of 8.66%. On average, sell-side analysts expect that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Friday, May 30th. Hawkins’s payout ratio is 17.82%.

Hawkins Profile

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.