QSV Equity Investors LLC Sells 5,991 Shares of Hawkins, Inc. (NASDAQ:HWKN)

QSV Equity Investors LLC lowered its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 25.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,407 shares of the specialty chemicals company’s stock after selling 5,991 shares during the period. Hawkins makes up 2.1% of QSV Equity Investors LLC’s investment portfolio, making the stock its 9th biggest holding. QSV Equity Investors LLC owned about 0.08% of Hawkins worth $2,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HWKN. Paloma Partners Management Co bought a new stake in shares of Hawkins during the third quarter worth about $255,000. De Lisle Partners LLP increased its position in shares of Hawkins by 39.8% during the third quarter. De Lisle Partners LLP now owns 92,024 shares of the specialty chemicals company’s stock worth $11,745,000 after acquiring an additional 26,201 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Hawkins by 3.6% during the third quarter. BNP Paribas Financial Markets now owns 10,868 shares of the specialty chemicals company’s stock worth $1,385,000 after acquiring an additional 378 shares in the last quarter. FMR LLC increased its position in shares of Hawkins by 20.9% during the third quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock worth $32,663,000 after acquiring an additional 44,351 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Hawkins by 7.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,009 shares of the specialty chemicals company’s stock worth $1,403,000 after purchasing an additional 732 shares in the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Price Performance

Hawkins stock opened at $137.61 on Thursday. Hawkins, Inc. has a 52 week low of $54.44 and a 52 week high of $138.86. The business has a 50-day simple moving average of $125.29 and a 200 day simple moving average of $111.78. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 4.77 and a beta of 0.83.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). The business had revenue of $247.03 million for the quarter, compared to analysts’ expectations of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. On average, research analysts forecast that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Friday, November 15th. Hawkins’s payout ratio is 18.41%.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “neutral” rating and issued a $122.00 price objective on shares of Hawkins in a research report on Thursday, October 31st.

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.