Bank of New York Mellon Corp Has $10.56 Million Stock Position in Hawkins, Inc. (NASDAQ:HWKN)

Bank of New York Mellon Corp reduced its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 3.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 241,166 shares of the specialty chemicals company’s stock after selling 7,948 shares during the period. Bank of New York Mellon Corp owned approximately 1.15% of Hawkins worth $10,558,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Hawkins by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,473,661 shares of the specialty chemicals company’s stock worth $57,459,000 after buying an additional 16,574 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Hawkins by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,146,463 shares of the specialty chemicals company’s stock valued at $44,254,000 after purchasing an additional 6,714 shares during the last quarter. State Street Corp raised its holdings in shares of Hawkins by 0.8% in the third quarter. State Street Corp now owns 684,870 shares of the specialty chemicals company’s stock valued at $26,703,000 after purchasing an additional 5,210 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Hawkins by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 355,012 shares of the specialty chemicals company’s stock valued at $13,703,000 after purchasing an additional 12,563 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Hawkins by 122.1% in the fourth quarter. Morgan Stanley now owns 322,493 shares of the specialty chemicals company’s stock valued at $12,448,000 after purchasing an additional 177,318 shares during the last quarter. 61.27% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Price Performance

NASDAQ:HWKN opened at $63.05 on Friday. Hawkins, Inc. has a 1-year low of $36.62 and a 1-year high of $63.21. The company has a current ratio of 2.40, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $50.96 and a 200 day simple moving average of $46.17. The stock has a market capitalization of $1.33 billion, a PE ratio of 20.74 and a beta of 0.81.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, August 2nd. The specialty chemicals company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.51. Hawkins had a net margin of 6.79% and a return on equity of 18.31%. The business had revenue of $251.12 million during the quarter, compared to analysts’ expectations of $242.00 million. On average, research analysts expect that Hawkins, Inc. will post 3.4 EPS for the current fiscal year.

Hawkins Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were paid a $0.16 dividend. The ex-dividend date was Thursday, August 17th. This is a boost from Hawkins’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 1.02%. Hawkins’s dividend payout ratio (DPR) is currently 21.05%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Hawkins in a report on Thursday, August 17th. They issued a “buy” rating on the stock. BWS Financial upgraded shares of Hawkins from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Monday, August 7th.

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.