Royce & Associates LP decreased its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN – Free Report) by 21.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,331 shares of the specialty chemicals company’s stock after selling 21,859 shares during the quarter. Royce & Associates LP’s holdings in Hawkins were worth $11,270,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors increased its holdings in shares of Hawkins by 618.8% in the third quarter. Capital World Investors now owns 355,619 shares of the specialty chemicals company’s stock valued at $64,979,000 after purchasing an additional 306,143 shares during the period. William Blair Investment Management LLC acquired a new stake in Hawkins in the fourth quarter valued at $19,098,000. Invesco Ltd. grew its holdings in Hawkins by 44.4% in the third quarter. Invesco Ltd. now owns 407,793 shares of the specialty chemicals company’s stock valued at $74,512,000 after purchasing an additional 125,444 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in Hawkins in the third quarter valued at $11,610,000. Finally, Vanguard Group Inc. grew its holdings in Hawkins by 2.8% in the third quarter. Vanguard Group Inc. now owns 1,504,831 shares of the specialty chemicals company’s stock valued at $274,963,000 after purchasing an additional 41,652 shares during the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.
Hawkins Stock Performance
Shares of NASDAQ:HWKN opened at $158.64 on Thursday. The firm has a market capitalization of $3.31 billion, a PE ratio of 40.57, a P/E/G ratio of 2.82 and a beta of 0.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.46. The business has a 50-day moving average of $155.20 and a two-hundred day moving average of $146.77. Hawkins, Inc. has a 12 month low of $117.98 and a 12 month high of $186.15.
Hawkins Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a $0.19 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. Hawkins’s dividend payout ratio (DPR) is 19.44%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on HWKN shares. Weiss Ratings upgraded Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. BWS Financial restated a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a research report on Monday, March 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.
View Our Latest Report on Hawkins
Hawkins 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.
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