Hawkins, Inc. $HWKN Shares Sold by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio has reduced its holdings in Hawkins, Inc. by 43.2% in the second quarter, now owning approximately 0.07% of the company valued at $1,949,000.
• Hawkins, Inc. has announced a quarterly dividend of $0.19 per share, increasing from the previous $0.18, representing an annualized yield of 0.4%.
• The company's most recent earnings report showed an EPS of $1.40, surpassing analyst expectations and a revenue of $293.27 million for the quarter.

Public Employees Retirement System of Ohio reduced its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 43.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,715 shares of the specialty chemicals company's stock after selling 10,415 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.07% of Hawkins worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its stake in Hawkins by 533.3% in the first quarter. Brooklyn Investment Group now owns 266 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 224 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Hawkins by 118.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 152 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Hawkins in the first quarter valued at $42,000. Russell Investments Group Ltd. acquired a new position in Hawkins in the first quarter valued at $52,000. Finally, GAMMA Investing LLC increased its stake in Hawkins by 20.4% in the first quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company's stock valued at $56,000 after purchasing an additional 90 shares during the last quarter. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Trading Up 0.5%

Shares of HWKN opened at $182.88 on Friday. The company has a market capitalization of $3.82 billion, a P/E ratio of 45.04, a P/E/G ratio of 2.58 and a beta of 0.84. Hawkins, Inc. has a one year low of $98.30 and a one year high of $185.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.31. The stock has a 50-day moving average price of $171.87 and a 200 day moving average price of $144.30.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 EPS for the quarter, topping 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 company had revenue of $293.27 million for the quarter, compared to the consensus estimate of $278.76 million. Sell-side analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. This is a boost from Hawkins's previous quarterly dividend of $0.18. Hawkins's dividend payout ratio (DPR) is 18.72%.

Analyst Upgrades and Downgrades

HWKN has been the subject of several analyst reports. Zacks Research lowered Hawkins from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Raymond James Financial assumed coverage on Hawkins in a research report on Thursday, July 24th. They set a "market perform" rating for the company. Weiss Ratings reissued a "buy (b)" rating on shares of Hawkins in a research report on Saturday, September 27th. BWS Financial boosted their price target on Hawkins from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Wall Street Zen downgraded Hawkins from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $162.50.

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.

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