Gabelli Funds LLC Sells 400 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Gabelli Funds LLC trimmed its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 1.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,600 shares of the specialty chemicals company’s stock after selling 400 shares during the quarter. Gabelli Funds LLC’s holdings in Hawkins were worth $4,367,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in shares of Hawkins by 155.4% in the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 216 shares during the period. Smartleaf Asset Management LLC lifted its position in Hawkins by 262.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company’s stock valued at $55,000 after acquiring an additional 320 shares in the last quarter. KBC Group NV boosted its stake in Hawkins by 37.0% in the 4th quarter. KBC Group NV now owns 948 shares of the specialty chemicals company’s stock worth $116,000 after purchasing an additional 256 shares during the period. Defined Financial Planning LLC bought a new position in Hawkins during the 4th quarter worth about $205,000. Finally, Longboard Asset Management LP acquired a new stake in shares of Hawkins in the 4th quarter valued at about $212,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Trading Up 0.3 %

Shares of NASDAQ:HWKN opened at $121.63 on Friday. The company’s 50-day moving average price is $108.26 and its two-hundred day moving average price is $117.76. Hawkins, Inc. has a one year low of $71.98 and a one year high of $139.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53. The stock has a market capitalization of $2.55 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 3.80 and a beta of 0.82.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. On average, equities analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins’s dividend payout ratio is currently 18.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BWS Financial raised Hawkins from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Monday. CJS Securities assumed coverage on Hawkins in a research report on Tuesday, April 1st. They set a “market outperform” rating and a $125.00 price target for the company.

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.