Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 22.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,652 shares of the specialty chemicals company’s stock after selling 2,461 shares during the period. Sei Investments Co.’s holdings in Hawkins were worth $787,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Shell Asset Management Co. increased its position in shares of Hawkins by 36.9% during the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock worth $180,000 after acquiring an additional 631 shares during the period. Valtinson Bruner Financial Planning LLC acquired a new position in Hawkins during the 2nd quarter worth $223,000. DDFG Inc purchased a new stake in Hawkins during the 2nd quarter worth about $236,000. Morgan Dempsey Capital Management LLC raised its position in Hawkins by 5.1% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company’s stock valued at $239,000 after purchasing an additional 127 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Hawkins in the 1st quarter valued at about $210,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Stock Performance

Shares of Hawkins stock opened at $130.29 on Wednesday. The business has a 50-day simple moving average of $120.79 and a 200-day simple moving average of $98.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.44 and a current ratio of 2.27. Hawkins, Inc. has a one year low of $53.64 and a one year high of $130.44. The company has a market cap of $2.73 billion, a PE ratio of 36.29, a P/E/G ratio of 4.14 and a beta of 0.74.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, July 31st. The specialty chemicals company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. The business had revenue of $255.88 million for the quarter, compared to analyst estimates of $254.30 million. Hawkins had a net margin of 8.75% and a return on equity of 20.16%. On average, equities research analysts forecast that Hawkins, Inc. will post 4.14 EPS for the current fiscal year.

Hawkins Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.55%. This is an increase from Hawkins’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, August 16th. Hawkins’s payout ratio is 20.06%.

About Hawkins

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.