Arizona State Retirement System continued to hold its position in shares of Hawkins, Inc. (NASDAQ:HWKN) during the second quarter, according to its most recent filing with the SEC. The firm owned 4,974 shares of the specialty chemicals company’s stock at the close of the second quarter. Arizona State Retirement System’s holdings in Hawkins were worth $231,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in HWKN. Cigna Investments Inc. New bought a new position in Hawkins during the 2nd quarter worth approximately $248,000. Bessemer Group Inc. raised its holdings in Hawkins by 5.8% during the 2nd quarter. Bessemer Group Inc. now owns 16,400 shares of the specialty chemicals company’s stock worth $760,000 after purchasing an additional 900 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Hawkins by 1.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 48,647 shares of the specialty chemicals company’s stock worth $2,255,000 after purchasing an additional 541 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Hawkins by 2.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the specialty chemicals company’s stock worth $185,000 after purchasing an additional 80 shares during the last quarter. Finally, Texas Permanent School Fund raised its holdings in Hawkins by 0.7% during the 2nd quarter. Texas Permanent School Fund now owns 6,978 shares of the specialty chemicals company’s stock worth $323,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 59.46% of the company’s stock.
Shares of Hawkins, Inc. (NASDAQ:HWKN) opened at 37.60 on Wednesday. The stock has a 50 day moving average of $39.85 and a 200 day moving average of $46.13. The company has a market cap of $400.93 million, a price-to-earnings ratio of 19.17 and a beta of 0.77. Hawkins, Inc. has a 1-year low of $35.15 and a 1-year high of $54.80.
Hawkins (NASDAQ:HWKN) last issued its earnings results on Tuesday, August 8th. The specialty chemicals company reported $0.55 EPS for the quarter. Hawkins had a return on equity of 9.53% and a net margin of 4.28%. The firm had revenue of $133.73 million for the quarter. Analysts predict that Hawkins, Inc. will post $2.52 EPS for the current year.
The business also recently announced a semiannual dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 22nd will be paid a $0.44 dividend. This is an increase from Hawkins’s previous semiannual dividend of $0.42. The ex-dividend date of this dividend is Thursday, September 21st. This represents a dividend yield of 2.16%. Hawkins’s dividend payout ratio is presently 42.64%.
In other Hawkins news, Director Mary J. Schumacher purchased 1,400 shares of the stock in a transaction on Monday, August 28th. The shares were bought at an average price of $35.80 per share, for a total transaction of $50,120.00. Following the completion of the transaction, the director now owns 6,616 shares of the company’s stock, valued at approximately $236,852.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard G. Erstad sold 1,200 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $40.59, for a total value of $48,708.00. Following the transaction, the vice president now owns 9,300 shares in the company, valued at approximately $377,487. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.
HWKN has been the subject of several analyst reports. BidaskClub lowered shares of Hawkins from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. TheStreet lowered shares of Hawkins from a “b” rating to a “c+” rating in a research note on Tuesday, August 15th.
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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