Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by First Interstate Bank

First Interstate Bank lowered its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,800 shares of the specialty chemicals company’s stock after selling 200 shares during the period. First Interstate Bank’s holdings in Hawkins were worth $357,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Westwood Holdings Group Inc. acquired a new position in shares of Hawkins during the 1st quarter worth about $31,504,000. American Century Companies Inc. boosted its holdings in Hawkins by 22.4% in the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock valued at $32,825,000 after purchasing an additional 66,109 shares in the last quarter. Vanguard Group Inc. increased its stake in Hawkins by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 1,516,717 shares of the specialty chemicals company’s stock valued at $106,807,000 after purchasing an additional 62,224 shares during the last quarter. Nordea Investment Management AB raised its holdings in Hawkins by 116.9% during the first quarter. Nordea Investment Management AB now owns 104,537 shares of the specialty chemicals company’s stock worth $8,049,000 after purchasing an additional 56,330 shares in the last quarter. Finally, Aptus Capital Advisors LLC purchased a new stake in shares of Hawkins during the 2nd quarter worth approximately $4,741,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial reissued a “neutral” rating and issued a $122.00 target price on shares of Hawkins in a report on Thursday.

Hawkins Price Performance

HWKN traded down $0.50 during midday trading on Friday, reaching $106.40. 152,738 shares of the company’s stock were exchanged, compared to its average volume of 128,262. Hawkins, Inc. has a 1-year low of $53.64 and a 1-year high of $135.61. The stock has a market capitalization of $2.22 billion, a PE ratio of 27.21, a P/E/G ratio of 3.91 and a beta of 0.74. 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 business’s 50-day moving average price is $122.48 and its 200 day moving average price is $103.73.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). The firm had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 20.08%. As a group, equities analysts anticipate that Hawkins, Inc. will post 4.28 EPS for the current fiscal year.

Hawkins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, November 15th. Hawkins’s dividend payout ratio is presently 18.41%.

About Hawkins

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.