Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,312 shares of the specialty chemicals company’s stock after selling 17,567 shares during the period. Bank of New York Mellon Corp owned about 0.74% of Hawkins worth $18,929,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in shares of Hawkins by 289.2% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock worth $59,000 after acquiring an additional 347 shares during the last quarter. SpiderRock Advisors LLC acquired a new stake in shares of Hawkins in the third quarter worth approximately $685,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Hawkins in the third quarter worth approximately $229,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Hawkins in the third quarter worth approximately $2,021,000. Finally, Aptus Capital Advisors LLC boosted its stake in shares of Hawkins by 15.6% in the third quarter. Aptus Capital Advisors LLC now owns 60,235 shares of the specialty chemicals company’s stock worth $7,678,000 after acquiring an additional 8,132 shares during the last quarter. 69.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “neutral” rating and issued a $122.00 price target on shares of Hawkins in a research note on Friday, January 31st.

Hawkins Stock Performance

NASDAQ HWKN opened at $104.91 on Tuesday. The stock’s fifty day moving average is $111.75 and its two-hundred day moving average is $120.21. The firm has a market capitalization of $2.20 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50. Hawkins, Inc. has a fifty-two week low of $69.92 and a fifty-two week high of $139.55.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. On average, research analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins’s dividend payout ratio (DPR) is currently 18.37%.

Hawkins Profile

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.