Amalgamated Bank Sells 320 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Amalgamated Bank cut its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 5.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,833 shares of the specialty chemicals company’s stock after selling 320 shares during the period. Amalgamated Bank’s holdings in Hawkins were worth $531,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HWKN. Shell Asset Management Co. raised its stake in shares of Hawkins by 36.9% during the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock worth $180,000 after acquiring an additional 631 shares in the last quarter. Cornerstone Investment Partners LLC bought a new stake in shares of Hawkins during the 1st quarter valued at $210,000. Meeder Asset Management Inc. bought a new stake in shares of Hawkins during the 1st quarter valued at $212,000. Capstone Investment Advisors LLC bought a new stake in shares of Hawkins during the 1st quarter valued at $213,000. Finally, Valtinson Bruner Financial Planning LLC bought a new position in Hawkins in the 2nd quarter worth about $223,000. 69.71% of the stock is currently owned by institutional investors.

Hawkins Stock Performance

Shares of Hawkins stock opened at $125.44 on Monday. 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 stock has a market cap of $2.63 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 4.14 and a beta of 0.74. The firm’s 50-day moving average is $117.82 and its 200 day moving average is $95.67. Hawkins, Inc. has a 1 year low of $53.64 and a 1 year high of $127.35.

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, beating the consensus estimate of $1.01 by $0.37. Hawkins had a net margin of 8.75% and a return on equity of 20.16%. The business had revenue of $255.88 million for the quarter, compared to analysts’ expectations of $254.30 million. Sell-side analysts anticipate that Hawkins, Inc. will post 4.14 EPS for the current fiscal year.

Hawkins Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.72 annualized dividend and a dividend yield of 0.57%. This is a positive change from Hawkins’s previous quarterly dividend of $0.16. Hawkins’s dividend payout ratio is presently 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.