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American Century Companies Inc. Has $23.33 Million Stake in Hawkins, Inc. $HWKN

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Key Points

  • American Century Companies Inc. has reduced its stake in Hawkins, Inc. by 25.1%, selling 73,804 shares during the 1st quarter, bringing its total ownership to 220,220 shares valued at approximately $23.3 million.
  • Hawkins, Inc. recently reported earnings per share (EPS) of $1.40 for the quarter, exceeding analysts' expectations of $1.33, with revenue of $293.27 million surpassing the consensus estimate of $278.76 million.
  • The company has announced an increase in its quarterly dividend to $0.19 per share, payable on August 29th, reflecting a 5.56% rise from the previous $0.18 dividend.
  • Want stock alerts on Hawkins? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

American Century Companies Inc. reduced its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 25.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 220,220 shares of the specialty chemicals company's stock after selling 73,804 shares during the period. American Century Companies Inc. owned 1.05% of Hawkins worth $23,326,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vermillion Wealth Management Inc. acquired a new stake in shares of Hawkins in the 4th quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Hawkins by 118.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 152 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Hawkins in the 1st quarter valued at $42,000. NewEdge Advisors LLC acquired a new stake in shares of Hawkins in the 4th quarter valued at $53,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Hawkins in the 1st quarter valued at $52,000. 69.71% of the stock is owned by institutional investors and hedge funds.

Hawkins Trading Up 0.8%

Shares of NASDAQ:HWKN traded up $1.29 during midday trading on Wednesday, hitting $172.78. The company had a trading volume of 97,253 shares, compared to its average volume of 153,419. Hawkins, Inc. has a 12 month low of $98.30 and a 12 month high of $185.50. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 42.56, a PEG ratio of 2.41 and a beta of 0.81. The firm has a fifty day simple moving average of $159.30 and a 200 day simple moving average of $131.62.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.07. Hawkins had a return on equity of 18.35% and a net margin of 8.37%.The firm had revenue of $293.27 million during the quarter, compared to analysts' expectations of $278.76 million. On average, analysts predict that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Hawkins's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Hawkins's payout ratio is presently 18.72%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HWKN shares. Raymond James Financial started coverage on Hawkins in a research report on Thursday, July 24th. They issued a "market perform" rating on the stock. Wall Street Zen lowered Hawkins from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. BWS Financial raised their price target on Hawkins from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Zacks Research upgraded Hawkins to a "strong-buy" rating in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $162.50.

Get Our Latest Research Report on HWKN

Hawkins Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hawkins (NASDAQ:HWKN)

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