Thrivent Financial for Lutherans grew its stake in Hawkins, Inc. (NASDAQ:HWKN) by 5.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,928 shares of the specialty chemicals company’s stock after purchasing an additional 396 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Hawkins worth $282,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Hawkins during the first quarter worth approximately $2,413,000. State Street Corp boosted its stake in Hawkins by 9.5% during the 1st quarter. State Street Corp now owns 327,051 shares of the specialty chemicals company’s stock worth $11,643,000 after purchasing an additional 28,317 shares during the last quarter. Bank of Montreal Can raised its position in shares of Hawkins by 498.3% in the fourth quarter. Bank of Montreal Can now owns 24,861 shares of the specialty chemicals company’s stock valued at $1,139,000 after buying an additional 20,706 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Hawkins by 113.3% in the fourth quarter. Advisor Group Inc. now owns 27,527 shares of the specialty chemicals company’s stock worth $1,261,000 after buying an additional 14,620 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in Hawkins by 23.8% during the fourth quarter. Panagora Asset Management Inc. now owns 64,190 shares of the specialty chemicals company’s stock worth $2,941,000 after acquiring an additional 12,335 shares during the last quarter. 59.47% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the company. BidaskClub raised Hawkins from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Zacks Investment Research upgraded shares of Hawkins from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, June 16th. ValuEngine lowered shares of Hawkins from a “hold” rating to a “sell” rating in a report on Monday, June 1st. TheStreet upgraded shares of Hawkins from a “c+” rating to a “b-” rating in a report on Tuesday, June 16th. Finally, BWS Financial upped their price objective on Hawkins from $44.00 to $52.50 and gave the company a “buy” rating in a report on Monday, June 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $48.25.
Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, May 20th. The specialty chemicals company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.20. Hawkins had a return on equity of 12.35% and a net margin of 5.25%. The business had revenue of $132.41 million for the quarter, compared to analysts’ expectations of $126.64 million. On average, research analysts forecast that Hawkins, Inc. will post 3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were issued a $0.233 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 2.15%. Hawkins’s payout ratio is 34.96%.
Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationaly. It operates in three segments: Industrial, Water Treatment, and Health and Nutrition. It provides industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.
Further Reading: Diluted Earnings Per Share
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