D.A. Davidson & CO. Sells 1,660 Shares of Hawkins, Inc. (NASDAQ:HWKN)

D.A. Davidson & CO. lessened its stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 30.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,800 shares of the specialty chemicals company's stock after selling 1,660 shares during the quarter. D.A. Davidson & CO.'s holdings in Hawkins were worth $402,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. boosted its stake in Hawkins by 37.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 350,722 shares of the specialty chemicals company's stock valued at $37,148,000 after buying an additional 95,885 shares in the last quarter. Wasatch Advisors LP bought a new stake in Hawkins in the fourth quarter worth approximately $42,466,000. Northern Trust Corp increased its holdings in Hawkins by 16.1% in the fourth quarter. Northern Trust Corp now owns 235,096 shares of the specialty chemicals company's stock worth $28,839,000 after purchasing an additional 32,670 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Hawkins by 61.9% in the fourth quarter. JPMorgan Chase & Co. now owns 149,616 shares of the specialty chemicals company's stock worth $18,353,000 after purchasing an additional 57,179 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Hawkins during the fourth quarter valued at approximately $13,087,000. Institutional investors and hedge funds own 69.71% of the company's stock.

Hawkins Stock Down 0.3%

Hawkins stock traded down $0.42 during trading on Friday, hitting $155.30. 310,009 shares of the company were exchanged, compared to its average volume of 133,326. The business's 50 day moving average is $134.88 and its 200 day moving average is $120.38. Hawkins, Inc. has a 52 week low of $98.08 and a 52 week high of $156.61. The company has a market capitalization of $3.24 billion, a P/E ratio of 38.44, a PEG ratio of 2.59 and a beta of 0.85. 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 (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. Hawkins had a return on equity of 18.93% and a net margin of 8.66%. The business had revenue of $245.32 million for the quarter, compared to analysts' expectations of $230.69 million. Analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.18 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 0.46%. Hawkins's dividend payout ratio is currently 17.82%.

Analyst Upgrades and Downgrades

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

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.