Bank of New York Mellon Corp Sells 6,697 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Bank of New York Mellon Corp decreased its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,615 shares of the specialty chemicals company’s stock after selling 6,697 shares during the period. Bank of New York Mellon Corp owned about 0.71% of Hawkins worth $15,635,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HWKN. Vermillion Wealth Management Inc. bought a new position in Hawkins during the fourth quarter valued at about $34,000. NewEdge Advisors LLC bought a new stake in shares of Hawkins in the fourth quarter valued at $53,000. GAMMA Investing LLC lifted its position in shares of Hawkins by 20.4% during the 1st quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company’s stock valued at $56,000 after buying an additional 90 shares during the last quarter. Defined Financial Planning LLC purchased a new position in shares of Hawkins in the fourth quarter worth about $205,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Hawkins during the fourth quarter worth $222,000. Institutional investors own 69.71% of the company’s stock.

Hawkins Stock Performance

HWKN stock opened at $161.38 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.15 and a quick ratio of 1.37. Hawkins, Inc. has a 1-year low of $98.30 and a 1-year high of $165.87. The business has a 50-day moving average price of $138.94 and a 200 day moving average price of $121.62. The company has a market capitalization of $3.37 billion, a P/E ratio of 39.95, a PEG ratio of 2.70 and a beta of 0.85.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $245.32 million for the quarter, compared to the consensus estimate of $230.69 million. Hawkins had a net margin of 8.66% and a return on equity of 18.93%. As a group, equities research analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.45%. The ex-dividend date was Friday, May 30th. Hawkins’s payout ratio is 17.82%.

Wall Street Analysts Forecast Growth

HWKN has been the topic of a number of analyst reports. BWS Financial reiterated a “buy” rating and issued a $160.00 target price on shares of Hawkins in a research report on Thursday, May 15th. Wall Street Zen downgraded Hawkins from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Finally, CJS Securities began coverage on Hawkins in a report on Tuesday, April 1st. They issued a “market outperform” rating and a $125.00 price objective for the company.

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.