Cutter & CO Brokerage Inc. Sells 2,667 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Cutter & CO Brokerage Inc. lowered its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 28.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,817 shares of the specialty chemicals company’s stock after selling 2,667 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Hawkins were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Hawkins by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,454,493 shares of the specialty chemicals company’s stock valued at $85,597,000 after acquiring an additional 34,415 shares during the period. Pacer Advisors Inc. purchased a new stake in Hawkins in the fourth quarter worth approximately $27,098,000. Charles Schwab Investment Management Inc. grew its position in Hawkins by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,193 shares of the specialty chemicals company’s stock worth $13,723,000 after purchasing an additional 5,396 shares during the period. Kennedy Capital Management LLC raised its stake in Hawkins by 10.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 204,388 shares of the specialty chemicals company’s stock valued at $12,028,000 after buying an additional 19,992 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Hawkins by 284.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 138,493 shares of the specialty chemicals company’s stock valued at $8,150,000 after buying an additional 102,508 shares during the period. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Hawkins Stock Performance

HWKN traded up $0.99 during trading on Tuesday, hitting $76.95. The company’s stock had a trading volume of 66,319 shares, compared to its average volume of 143,104. The business’s 50 day simple moving average is $73.42 and its 200-day simple moving average is $67.06. The firm has a market cap of $1.61 billion, a PE ratio of 22.11 and a beta of 0.75. Hawkins, Inc. has a one year low of $39.20 and a one year high of $79.30. The company has a quick ratio of 1.58, a current ratio of 2.45 and a debt-to-equity ratio of 0.28.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.10. Hawkins had a return on equity of 19.54% and a net margin of 7.91%. The company had revenue of $208.50 million for the quarter, compared to the consensus estimate of $221.24 million. As a group, sell-side analysts predict that Hawkins, Inc. will post 3.61 EPS for the current fiscal year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, February 15th. Hawkins’s dividend payout ratio is 18.39%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Hawkins from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

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.