DekaBank Deutsche Girozentrale Trims Stock Holdings in Hawkins, Inc. (NASDAQ:HWKN)

DekaBank Deutsche Girozentrale cut its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 81.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,179 shares of the specialty chemicals company’s stock after selling 9,755 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Hawkins were worth $195,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. BOKF NA acquired a new stake in shares of Hawkins during the second quarter worth approximately $342,000. American Century Companies Inc. grew its holdings in Hawkins by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock worth $32,825,000 after acquiring an additional 66,109 shares in the last quarter. Van Hulzen Asset Management LLC increased its position in shares of Hawkins by 5.1% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 8,168 shares of the specialty chemicals company’s stock worth $743,000 after purchasing an additional 395 shares during the last quarter. Choreo LLC raised its stake in shares of Hawkins by 130.8% in the 2nd quarter. Choreo LLC now owns 26,089 shares of the specialty chemicals company’s stock valued at $2,288,000 after purchasing an additional 14,785 shares in the last quarter. Finally, DDFG Inc bought a new position in shares of Hawkins during the second quarter worth about $236,000. 69.71% of the stock is owned by institutional investors and hedge funds.

Hawkins Stock Down 1.3 %

Shares of Hawkins stock opened at $121.40 on Friday. The business has a 50-day moving average price of $115.71 and a 200 day moving average price of $93.22. Hawkins, Inc. has a fifty-two week low of $53.64 and a fifty-two week high of $127.35. The firm has a market cap of $2.55 billion, a P/E ratio of 34.15, a P/E/G ratio of 3.94 and a beta of 0.74. The company has a quick ratio of 1.44, a current ratio of 2.27 and a debt-to-equity ratio of 0.29.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 earnings per share (EPS) for the quarter, beating 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 business had revenue of $255.88 million for the quarter, compared to analyst estimates of $254.30 million. On average, sell-side analysts forecast that Hawkins, Inc. will post 4.14 earnings per share for the current fiscal year.

Hawkins Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.18 dividend. This is an increase from Hawkins’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, August 16th. Hawkins’s dividend payout ratio (DPR) is presently 20.06%.

Hawkins Company 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.