Hawkins, Inc. $HWKN Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 17.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 315,349 shares of the specialty chemicals company’s stock after selling 68,078 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Hawkins were worth $48,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in Hawkins by 9.0% in the first quarter. AQR Capital Management LLC now owns 12,331 shares of the specialty chemicals company’s stock worth $1,306,000 after acquiring an additional 1,017 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hawkins by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,499 shares of the specialty chemicals company’s stock valued at $1,218,000 after purchasing an additional 494 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hawkins by 9.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 52,778 shares of the specialty chemicals company’s stock worth $5,590,000 after purchasing an additional 4,400 shares during the period. Jane Street Group LLC raised its position in shares of Hawkins by 83.2% during the 1st quarter. Jane Street Group LLC now owns 38,416 shares of the specialty chemicals company’s stock worth $4,069,000 after purchasing an additional 17,447 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Hawkins by 50.3% in the 2nd quarter. Invesco Ltd. now owns 282,349 shares of the specialty chemicals company’s stock worth $40,122,000 after purchasing an additional 94,503 shares during the last quarter. Institutional investors own 69.71% of the company’s stock.

Hawkins Stock Up 0.4%

Shares of Hawkins stock opened at $162.10 on Monday. The company has a market capitalization of $3.38 billion, a P/E ratio of 41.46, a PEG ratio of 2.91 and a beta of 0.76. The business’s fifty day moving average price is $158.65 and its two-hundred day moving average price is $150.28. Hawkins, Inc. has a 1-year low of $117.98 and a 1-year high of $186.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.46.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). Hawkins had a net margin of 7.53% and a return on equity of 16.08%. The business had revenue of $265.91 million for the quarter, compared to analysts’ expectations of $255.28 million. As a group, research analysts forecast that Hawkins, Inc. will post 4.27 EPS for the current year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, May 29th. Hawkins’s dividend payout ratio (DPR) is 19.44%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings lowered Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 8th. BWS Financial restated a “buy” rating and set a $200.00 price target on shares of Hawkins in a research report on Monday, March 23rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $200.00.

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.