Natixis Advisors LLC Sells 15,582 Shares of Hawkins, Inc. $HWKN

Natixis Advisors LLC reduced its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 18.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,598 shares of the specialty chemicals company’s stock after selling 15,582 shares during the quarter. Natixis Advisors LLC’s holdings in Hawkins were worth $12,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Salomon & Ludwin LLC bought a new position in Hawkins in the 3rd quarter valued at $27,000. First Horizon Corp bought a new stake in shares of Hawkins during the 3rd quarter worth $34,000. Aster Capital Management DIFC Ltd raised its stake in shares of Hawkins by 62.2% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock worth $55,000 after purchasing an additional 115 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Hawkins by 694.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 405 shares of the specialty chemicals company’s stock worth $74,000 after buying an additional 354 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in Hawkins by 492.0% during the third quarter. TD Waterhouse Canada Inc. now owns 592 shares of the specialty chemicals company’s stock valued at $106,000 after buying an additional 492 shares during the period. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HWKN shares. Weiss Ratings downgraded shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Zacks Research upgraded shares of Hawkins from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Finally, BWS Financial reissued a “buy” rating and set a $200.00 target price on shares of Hawkins in a research report on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Hawkins presently has an average rating of “Hold” and an average target price of $162.50.

Hawkins Trading Down 5.6%

Shares of Hawkins stock opened at $139.71 on Friday. The company’s 50-day moving average price is $146.88 and its 200-day moving average price is $151.66. The company has a current ratio of 2.35, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49. Hawkins, Inc. has a 12-month low of $101.72 and a 12-month high of $186.15. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 3.13 and a beta of 0.82.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, January 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). Hawkins had a return on equity of 16.85% and a net margin of 7.75%.The firm had revenue of $244.08 million for the quarter, compared to the consensus estimate of $252.51 million. On average, equities analysts expect that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, February 13th. Hawkins’s payout ratio is 19.24%.

Insider Buying and Selling at Hawkins

In other Hawkins news, Director James A. Faulconbridge acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were bought at an average price of $129.29 per share, for a total transaction of $193,935.00. Following the completion of the transaction, the director owned 50,907 shares of the company’s stock, valued at approximately $6,581,766.03. This represents a 3.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.10% of the company’s stock.

Hawkins Company Profile

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.