Royce & Associates LP Has $18.49 Million Holdings in Hawkins, Inc. $HWKN

Royce & Associates LP decreased its position in Hawkins, Inc. (NASDAQ:HWKN) by 14.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,190 shares of the specialty chemicals company’s stock after selling 17,686 shares during the period. Royce & Associates LP owned approximately 0.48% of Hawkins worth $18,489,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HWKN. Salomon & Ludwin LLC acquired a new position in shares of Hawkins in the 3rd quarter valued at about $27,000. First Horizon Corp bought a new stake in Hawkins in the third quarter worth approximately $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Hawkins in the second quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Hawkins by 62.2% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock worth $55,000 after buying an additional 115 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Hawkins by 694.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 405 shares of the specialty chemicals company’s stock worth $74,000 after buying an additional 354 shares in the last quarter. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. BWS Financial reiterated a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a research note on Thursday, January 29th. Weiss Ratings downgraded shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Zacks Research raised shares of Hawkins from a “strong sell” rating to a “hold” rating in a research report on Friday, January 2nd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Hawkins currently has a consensus rating of “Hold” and a consensus target price of $162.50.

Hawkins Stock Performance

HWKN opened at $147.24 on Tuesday. Hawkins, Inc. has a 1-year low of $98.30 and a 1-year high of $186.15. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 3.15 and a beta of 0.86. The company’s fifty day moving average price is $146.32 and its two-hundred day moving average price is $152.61. The company has a current ratio of 2.35, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, January 28th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03). Hawkins had a return on equity of 16.85% and a net margin of 7.75%.The business had revenue of $244.08 million for the quarter, compared to the consensus estimate of $252.51 million. On average, analysts expect that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.76 annualized dividend and a dividend yield of 0.5%. Hawkins’s dividend payout ratio is 19.24%.

Insider Activity

In related news, Director James A. Faulconbridge acquired 1,500 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were acquired at an average cost of $129.29 per share, for a total transaction of $193,935.00. Following the purchase, the director owned 50,907 shares in the company, valued at approximately $6,581,766.03. The trade was a 3.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.10% of the stock is currently owned by insiders.

Hawkins Company Profile

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.