Hawkins, Inc. $HWKN Stock Sold by Valtinson Bruner Financial Planning LLC

Key Points

• Valtinson Bruner Financial Planning cut its Hawkins stake by 17.6% in the third quarter, selling 15,224 shares; it retained 71,301 shares, worth about $9.0 million.
• Hawkins beat quarterly expectations, reporting EPS of $1.34 versus $1.19 forecast and revenue of $313.82 million versus $302.70 million expected.
• The company raised its quarterly dividend from $0.19 to $0.20 per share. Analysts’ consensus rating was Hold, with an average price target of $178.50.

Valtinson Bruner Financial Planning LLC reduced its position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 17.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 71,301 shares of the specialty chemicals company's stock after selling 15,224 shares during the quarter. Hawkins comprises approximately 2.2% of Valtinson Bruner Financial Planning LLC's holdings, making the stock its 14th largest holding. Valtinson Bruner Financial Planning LLC owned 0.34% of Hawkins worth $8,984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Hawkins during the 2nd quarter valued at about $37,000. USA Financial Formulas bought a new position in shares of Hawkins in the 3rd quarter valued at about $37,000. GK Wealth Management LLC purchased a new position in Hawkins in the third quarter worth about $63,000. Curry Webb Wealth Management LLC purchased a new position in Hawkins in the third quarter worth about $77,000. Finally, Sterling Capital Management LLC grew its position in Hawkins by 842.0% in the third quarter. Sterling Capital Management LLC now owns 650 shares of the specialty chemicals company's stock worth $82,000 after acquiring an additional 581 shares in the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Price Performance

HWKN opened at $152.00 on Friday. The business has a fifty day moving average of $131.52 and a 200 day moving average of $143.14. The stock has a market cap of $3.16 billion, a P/E ratio of 36.89, a PEG ratio of 3.10 and a beta of 0.72. The company has a quick ratio of 1.46, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. Hawkins, Inc. has a 52-week low of $116.04 and a 52-week high of $174.12.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its earnings results on Monday, October 26th. The specialty chemicals company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.15. Hawkins had a return on equity of 15.97% and a net margin of 7.53%. The business had revenue of $313.82 million for the quarter, compared to analyst estimates of $302.70 million. As a group, sell-side analysts anticipate that Hawkins, Inc. will post 4.19 EPS for the current year.

Hawkins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, November 10th. This is a boost from Hawkins's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. Hawkins's dividend payout ratio (DPR) is currently 19.42%.

Insider Transactions at Hawkins

In related news, VP Douglas Lange purchased 910 shares of Hawkins stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average price of $118.75 per share, with a total value of $108,062.50. Following the purchase, the vice president directly owned 28,169 shares of the company's stock, valued at approximately $3,345,068.75. This represents a 3.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey Oldenkamp acquired 1,290 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were bought at an average price of $119.00 per share, with a total value of $153,510.00. Following the acquisition, the chief financial officer directly owned 104,223 shares in the company, valued at $12,402,537. This represents a 1.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Barclays set a $157.00 target price on Hawkins and gave the stock an "equal weight" rating in a report on Thursday, October 29th. Weiss Ratings upgraded Hawkins from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, September 21st. Zacks Research upgraded Hawkins from a "strong sell" rating to a "hold" rating in a research report on Wednesday, October 28th. Finally, BWS Financial restated a "buy" rating and issued a $200.00 price target on shares of Hawkins in a research report on Tuesday, October 27th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $178.50.

Hawkins Company Profile

Hawkins, Inc NASDAQ: HWKN is a chemical manufacturer, blender and distributor serving customers across the United States. The company supplies a range of water treatment chemicals, industrial chemicals and specialty products to municipal, commercial and industrial users.

Its water treatment business provides chemicals and related solutions used in drinking water, wastewater and industrial water treatment applications. Hawkins also serves the industrial, health and nutrition, and specialty chemical markets, offering products such as chemical blends, custom formulations and other materials used in manufacturing, agriculture, food processing and pharmaceutical applications.

Founded in 1938, Hawkins is headquartered in Roseville, Minnesota, and operates through a network of manufacturing, blending, distribution and sales locations in the United States.

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