Bank of New York Mellon Corp Cuts Stake in Hawkins, Inc. (NASDAQ:HWKN)

Bank of New York Mellon Corp lessened its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 4.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 147,615 shares of the specialty chemicals company's stock after selling 6,697 shares during the period. Bank of New York Mellon Corp owned 0.71% of Hawkins worth $15,635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HWKN. Vermillion Wealth Management Inc. acquired a new stake in shares of Hawkins during the 4th quarter worth $34,000. NewEdge Advisors LLC bought a new stake in shares of Hawkins during the 4th quarter worth $53,000. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 90 shares during the last quarter. Defined Financial Planning LLC bought a new stake in shares of Hawkins during the 4th quarter worth $205,000. Finally, Cibc World Markets Corp bought a new stake in shares of Hawkins during the 4th quarter worth $222,000. Institutional investors own 69.71% of the company's stock.

Hawkins Price Performance

Shares of HWKN traded up $2.36 during midday trading on Tuesday, reaching $162.11. The stock had a trading volume of 67,181 shares, compared to its average volume of 133,497. The company's 50-day moving average is $138.94 and its 200 day moving average is $121.63. Hawkins, Inc. has a 12-month low of $98.30 and a 12-month high of $165.87. The company has a current ratio of 2.15, a quick ratio of 1.37 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 40.07, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The specialty chemicals company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. The business had revenue of $245.32 million for the quarter, compared to analysts' expectations of $230.69 million. Hawkins had a return on equity of 18.93% and a net margin of 8.66%. On average, equities analysts predict that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, May 30th. Hawkins's payout ratio is 17.82%.

Analysts Set New Price Targets

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

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.