Royce & Associates LP Decreases Stock Holdings in Hawkins, Inc. $HWKN

Royce & Associates LP decreased its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 21.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,331 shares of the specialty chemicals company’s stock after selling 21,859 shares during the period. Royce & Associates LP owned about 0.38% of Hawkins worth $11,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of Hawkins by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,708 shares of the specialty chemicals company’s stock valued at $2,322,000 after buying an additional 79 shares in the last quarter. Truist Financial Corp raised its stake in Hawkins by 4.7% in the 4th quarter. Truist Financial Corp now owns 1,852 shares of the specialty chemicals company’s stock valued at $263,000 after purchasing an additional 83 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Hawkins by 0.6% in the 4th quarter. Farther Finance Advisors LLC now owns 15,090 shares of the specialty chemicals company’s stock valued at $2,144,000 after purchasing an additional 88 shares during the last quarter. ProShare Advisors LLC raised its stake in Hawkins by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 3,815 shares of the specialty chemicals company’s stock valued at $542,000 after purchasing an additional 112 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in Hawkins by 62.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Analysts Set New Price Targets

HWKN has been the subject of several recent research reports. Weiss Ratings raised Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. BWS Financial reissued a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a research note on Monday, March 23rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.00.

Hawkins Stock Up 1.3%

Shares of NASDAQ:HWKN opened at $158.64 on Thursday. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 2.82 and a beta of 0.81. Hawkins, Inc. has a 12-month low of $117.98 and a 12-month high of $186.15. The business has a 50-day moving average price of $155.20 and a 200 day moving average price of $146.77. The company has a current ratio of 2.21, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). Hawkins had a net margin of 7.53% and a return on equity of 16.08%. The company had revenue of $265.91 million during the quarter, compared to analysts’ expectations of $255.28 million. Sell-side analysts expect that Hawkins, Inc. will post 4.27 EPS for the current year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, May 29th. Hawkins’s dividend payout ratio (DPR) is 19.44%.

Hawkins Company 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.