Kopp Family Office LLC Sells 15,321 Shares of Hawkins, Inc. $HWKN

Key Points

• Kopp Family Office LLC cut its Hawkins stake by 56.8% in the second quarter, selling 15,321 shares and retaining 11,636 shares valued at approximately $1.65 million. Institutional investors collectively own 69.71% of the company.
• Analyst sentiment is mixed, with ratings ranging from buy to strong sell; Hawkins has a consensus rating of “Hold” and an average price target of $171, above its recent $130.66 share price.
• Hawkins reported quarterly revenue of $315.68 million, exceeding estimates, but earnings per share of $1.35 fell short of the $1.39 consensus. The company also declared a quarterly dividend of $0.19 per share, implying a 0.6% yield.

Kopp Family Office LLC lessened its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 56.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,636 shares of the specialty chemicals company's stock after selling 15,321 shares during the quarter. Hawkins accounts for approximately 1.0% of Kopp Family Office LLC's portfolio, making the stock its 16th largest holding. Kopp Family Office LLC owned about 0.06% of Hawkins worth $1,653,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HWKN. Kestra Advisory Services LLC bought a new position in shares of Hawkins during the 4th quarter valued at about $29,000. MBM Wealth Consultants LLC purchased a new stake in Hawkins in the first quarter worth approximately $33,000. Sound Income Strategies LLC bought a new position in Hawkins during the fourth quarter valued at approximately $34,000. Simplex Trading LLC grew its position in Hawkins by 246.0% during the fourth quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company's stock valued at $49,000 after acquiring an additional 246 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Hawkins during the third quarter worth approximately $79,000. Institutional investors own 69.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HWKN. BWS Financial restated a "buy" rating and issued a $200.00 price objective on shares of Hawkins in a report on Monday, August 3rd. Zacks Research lowered shares of Hawkins from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. Barclays set a $142.00 target price on shares of Hawkins and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Finally, Weiss Ratings downgraded shares of Hawkins from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $171.00.

Hawkins Stock Up 0.6%

Shares of NASDAQ HWKN opened at $130.66 on Tuesday. The firm's fifty day moving average is $145.54 and its 200 day moving average is $149.02. Hawkins, Inc. has a 52 week low of $117.98 and a 52 week high of $186.15. The company has a quick ratio of 1.54, a current ratio of 2.27 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 2.68 and a beta of 0.79.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.04). The firm had revenue of $315.68 million for the quarter, compared to analysts' expectations of $313.42 million. Hawkins had a net margin of 7.29% and a return on equity of 15.42%. On average, equities research analysts expect that Hawkins, Inc. will post 4.04 earnings per share for the current year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, August 14th. Hawkins's dividend payout ratio is currently 19.69%.

About Hawkins

Hawkins, Inc NASDAQ: HWKN is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins' product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.

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