Victory Capital Management Inc. Has $24.09 Million Stake in Hawkins, Inc. (HWKN)
Victory Capital Management Inc. reduced its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 590,537 shares of the specialty chemicals company’s stock after selling 17,367 shares during the quarter. Victory Capital Management Inc. owned 5.54% of Hawkins worth $24,094,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hawkins during the second quarter valued at about $509,000. Martin & Co. Inc. TN grew its holdings in shares of Hawkins by 6.9% during the second quarter. Martin & Co. Inc. TN now owns 20,215 shares of the specialty chemicals company’s stock valued at $937,000 after buying an additional 1,300 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Hawkins by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 7,883 shares of the specialty chemicals company’s stock valued at $366,000 after buying an additional 122 shares during the last quarter. State Street Corp grew its holdings in shares of Hawkins by 3.5% during the second quarter. State Street Corp now owns 224,521 shares of the specialty chemicals company’s stock valued at $10,404,000 after buying an additional 7,650 shares during the last quarter. Finally, PDT Partners LLC grew its holdings in shares of Hawkins by 2.0% during the second quarter. PDT Partners LLC now owns 4,385 shares of the specialty chemicals company’s stock valued at $203,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 59.29% of the company’s stock.
Hawkins, Inc. (HWKN) opened at $35.70 on Friday. Hawkins, Inc. has a twelve month low of $34.20 and a twelve month high of $54.80. The firm has a market cap of $376.41, a PE ratio of 19.83 and a beta of 0.73. The company has a current ratio of 2.52, a quick ratio of 1.26 and a debt-to-equity ratio of 0.46.
Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter. Hawkins had a net margin of 3.84% and a return on equity of 8.49%. The business had revenue of $125.40 million for the quarter.
HWKN has been the subject of a number of analyst reports. BidaskClub cut shares of Hawkins from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. TheStreet cut shares of Hawkins from a “b” rating to a “c+” rating in a report on Tuesday, August 15th.
In related news, Director Mary J. Schumacher bought 1,400 shares of the company’s stock in a transaction on Monday, August 28th. The shares were purchased at an average cost of $35.80 per share, for a total transaction of $50,120.00. Following the completion of the purchase, the director now directly owns 6,616 shares in the company, valued at $236,852.80. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 3.70% of the stock is owned by insiders.
Hawkins, Inc distributes, blends and manufactures chemicals and specialty ingredients for its customers in a range of industries. The Company conducts its business in three segments: Industrial, Water Treatment, and Health and Nutrition. Its Industrial segment is engaged in providing industrial chemicals, products and services to various industries, such as agriculture, chemical processing, electronics and energy.
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