Oregon Public Employees Retirement Fund Has $282,000 Stock Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Posted by Defense World Staff on Oct 24th, 2023

Oregon Public Employees Retirement Fund lowered its stake in shares of Hawkins, Inc. (NASDAQ:HWKN – Free Report) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,918 shares of the specialty chemicals company’s stock after selling 363 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Hawkins were worth $282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HWKN. SG Americas Securities LLC acquired a new stake in Hawkins during the first quarter valued at $453,000. GW&K Investment Management LLC grew its stake in shares of Hawkins by 15.1% in the 1st quarter. GW&K Investment Management LLC now owns 306,251 shares of the specialty chemicals company’s stock valued at $13,408,000 after buying an additional 40,159 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in Hawkins by 33.6% in the first quarter. Texas Permanent School Fund Corp now owns 16,992 shares of the specialty chemicals company’s stock worth $744,000 after buying an additional 4,274 shares during the last quarter. Anchor Capital Advisors LLC bought a new position in Hawkins during the first quarter valued at approximately $1,014,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Hawkins in the first quarter valued at approximately $202,000. 61.29% of the stock is currently owned by hedge funds and other institutional investors.

Hawkins Stock Down 0.1 %

HWKN opened at $56.00 on Tuesday. Hawkins, Inc. has a twelve month low of $36.62 and a twelve month high of $63.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 2.40. The business has a 50 day moving average price of $59.10 and a 200 day moving average price of $50.84. The firm has a market cap of $1.18 billion, a P/E ratio of 18.42 and a beta of 0.76.

Hawkins (NASDAQ:HWKN – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The specialty chemicals company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.51. Hawkins had a net margin of 6.79% and a return on equity of 18.31%. The business had revenue of $251.12 million during the quarter, compared to analysts’ expectations of $242.00 million. Research analysts forecast that Hawkins, Inc. will post 3.4 EPS for the current year.

Hawkins Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.14%. This is a boost from Hawkins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, August 17th. Hawkins’s dividend payout ratio is 21.05%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HWKN. StockNews.com assumed coverage on shares of Hawkins in a research note on Thursday, October 5th. They set a “buy” rating on the stock. BWS Financial upgraded Hawkins from a “neutral” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Monday, August 7th.

View Our Latest Report on Hawkins

Hawkins Company Profile

(Free Report)

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.