Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 12.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,679 shares of the specialty chemicals company’s stock after selling 2,003 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.07% of Hawkins worth $1,336,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Choreo LLC increased its position in shares of Hawkins by 130.8% during the second quarter. Choreo LLC now owns 26,089 shares of the specialty chemicals company’s stock worth $2,288,000 after purchasing an additional 14,785 shares in the last quarter. DDFG Inc purchased a new stake in Hawkins in the 2nd quarter valued at $236,000. Morgan Dempsey Capital Management LLC grew its holdings in shares of Hawkins by 5.1% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company’s stock worth $239,000 after purchasing an additional 127 shares during the period. Valtinson Bruner Financial Planning LLC purchased a new position in shares of Hawkins during the 2nd quarter worth $223,000. Finally, Arizona State Retirement System grew its holdings in shares of Hawkins by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,571 shares of the specialty chemicals company’s stock worth $507,000 after purchasing an additional 103 shares during the period. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Hawkins Stock Performance

NASDAQ HWKN opened at $123.03 on Friday. The stock has a market cap of $2.58 billion, a PE ratio of 33.98, a P/E/G ratio of 3.94 and a beta of 0.74. The company has a current ratio of 2.27, a quick ratio of 1.44 and a debt-to-equity ratio of 0.29. Hawkins, Inc. has a twelve month low of $53.64 and a twelve month high of $127.35. The stock has a fifty day simple moving average of $115.18 and a 200-day simple moving average of $93.01.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $255.88 million for the quarter, compared to analyst estimates of $254.30 million. Equities analysts anticipate that Hawkins, Inc. will post 4.14 earnings per share for the current year.

Hawkins Increases Dividend

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

Hawkins 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.