Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its position in Hawkins, Inc. (NASDAQ:HWKN) by 81.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,179 shares of the specialty chemicals company’s stock after selling 9,755 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Hawkins were worth $195,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in Hawkins during the fourth quarter valued at approximately $585,000. Trexquant Investment LP raised its stake in shares of Hawkins by 8.6% in the 4th quarter. Trexquant Investment LP now owns 15,719 shares of the specialty chemicals company’s stock valued at $1,107,000 after acquiring an additional 1,242 shares during the period. Quest Partners LLC acquired a new position in shares of Hawkins during the 4th quarter valued at $108,000. Franklin Resources Inc. boosted its position in Hawkins by 3.2% during the 4th quarter. Franklin Resources Inc. now owns 13,024 shares of the specialty chemicals company’s stock worth $917,000 after purchasing an additional 400 shares during the period. Finally, AXS Investments LLC acquired a new stake in Hawkins in the 4th quarter valued at $179,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Trading Down 1.3 %

NASDAQ:HWKN opened at $121.40 on Friday. Hawkins, Inc. has a 12 month low of $53.64 and a 12 month high of $127.35. The business’s 50-day moving average is $115.71 and its two-hundred day moving average is $93.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.27 and a quick ratio of 1.44. The firm has a market capitalization of $2.55 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 3.94 and a beta of 0.74.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.01 by $0.37. Hawkins had a return on equity of 20.16% and a net margin of 8.75%. The firm had revenue of $255.88 million for the quarter, compared to analyst estimates of $254.30 million. Research analysts predict that Hawkins, Inc. will post 4.14 earnings per share for the current fiscal year.

Hawkins Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors 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 0.59%. This is a positive change from Hawkins’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, August 16th. Hawkins’s dividend payout ratio (DPR) is presently 20.06%.

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.