Bank of New York Mellon Corp Has $15.64 Million Stock Position in Hawkins, Inc. (NASDAQ:HWKN)

Bank of New York Mellon Corp cut its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,615 shares of the specialty chemicals company's stock after selling 6,697 shares during the quarter. Bank of New York Mellon Corp owned about 0.71% of Hawkins worth $15,635,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Hawkins by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 101,785 shares of the specialty chemicals company's stock valued at $10,781,000 after purchasing an additional 2,365 shares during the period. Bessemer Group Inc. increased its holdings in shares of Hawkins by 157,110.0% in the 1st quarter. Bessemer Group Inc. now owns 94,326 shares of the specialty chemicals company's stock valued at $9,991,000 after purchasing an additional 94,266 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Hawkins by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 45,599 shares of the specialty chemicals company's stock valued at $4,942,000 after purchasing an additional 1,298 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Hawkins by 2.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,327 shares of the specialty chemicals company's stock valued at $988,000 after purchasing an additional 239 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Hawkins by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,378 shares of the specialty chemicals company's stock valued at $5,935,000 after purchasing an additional 4,861 shares during the period. 69.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HWKN shares. BWS Financial restated a "buy" rating and issued a $160.00 price objective on shares of Hawkins in a report on Thursday, May 15th. CJS Securities began coverage on shares of Hawkins in a research note on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price objective for the company. Finally, Wall Street Zen lowered shares of Hawkins from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th.

Hawkins Price Performance

Shares of Hawkins stock traded down $1.49 during trading on Wednesday, reaching $159.66. The company's stock had a trading volume of 106,988 shares, compared to its average volume of 133,505. The stock has a 50-day moving average price of $140.60 and a two-hundred day moving average price of $122.16. The company has a current ratio of 2.15, a quick ratio of 1.37 and a debt-to-equity ratio of 0.30. Hawkins, Inc. has a one year low of $98.30 and a one year high of $165.87. The stock has a market capitalization of $3.33 billion, a P/E ratio of 39.52, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $245.32 million for the quarter, compared to analyst estimates of $230.69 million. Hawkins had a net margin of 8.66% and a return on equity of 18.93%. As a group, sell-side analysts anticipate that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Friday, May 30th. Hawkins's dividend payout ratio (DPR) is currently 17.82%.

About Hawkins

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.