Associated Banc Corp continued to hold its position in Hawkins, Inc. (NASDAQ:HWKN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,091 shares of the specialty chemicals company’s stock at the end of the 2nd quarter. Associated Banc Corp owned 0.07% of Hawkins worth $329,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in HWKN. BNP Paribas Arbitrage SA grew its stake in shares of Hawkins by 61.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,789 shares of the specialty chemicals company’s stock valued at $129,000 after purchasing an additional 1,057 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in shares of Hawkins by 2.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the specialty chemicals company’s stock valued at $185,000 after buying an additional 80 shares in the last quarter. Cigna Investments Inc. New purchased a new position in shares of Hawkins during the 2nd quarter valued at about $248,000. Alliancebernstein L.P. purchased a new position in shares of Hawkins during the 2nd quarter valued at about $269,000. Finally, Wells Fargo & Company MN lifted its position in shares of Hawkins by 1.7% during the 2nd quarter. Wells Fargo & Company MN now owns 6,843 shares of the specialty chemicals company’s stock valued at $318,000 after buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 59.46% of the company’s stock.
In related news, VP Richard G. Erstad sold 1,200 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $40.59, for a total transaction of $48,708.00. Following the sale, the vice president now directly owns 9,300 shares of the company’s stock, valued at $377,487. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary J. Schumacher bought 1,400 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average cost of $35.80 per share, for a total transaction of $50,120.00. Following the completion of the acquisition, the director now owns 6,616 shares of the company’s stock, valued at $236,852.80. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.
HWKN has been the topic of a number of analyst reports. BidaskClub cut Hawkins from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. TheStreet cut Hawkins from a “b” rating to a “c+” rating in a research report on Tuesday, August 15th.
Hawkins, Inc. (NASDAQ:HWKN) opened at 37.92 on Friday. The stock has a market capitalization of $404.39 million, a PE ratio of 19.34 and a beta of 0.77. The stock’s 50 day moving average price is $39.17 and its 200-day moving average price is $45.92. Hawkins, Inc. has a 52-week low of $35.15 and a 52-week high of $54.80.
Hawkins (NASDAQ:HWKN) last posted its earnings results on Tuesday, August 8th. The specialty chemicals company reported $0.55 EPS for the quarter. The firm had revenue of $133.73 million for the quarter. Hawkins had a return on equity of 9.53% and a net margin of 4.28%. On average, equities analysts expect that Hawkins, Inc. will post $2.52 EPS for the current fiscal year.
The business also recently announced a semiannual dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be issued a dividend of $0.44 per share. This represents a yield of 2.16%. This is a positive change from Hawkins’s previous semiannual dividend of $0.42. The ex-dividend date of this dividend is Thursday, September 21st. Hawkins’s dividend payout ratio (DPR) is 42.64%.
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Hawkins, Inc distributes, blends and manufactures chemicals and specialty ingredients for its customers in a range of industries. The Company conducts its business in three segments: Industrial, Water Treatment, and Health and Nutrition. Its Industrial segment is engaged in providing industrial chemicals, products and services to various industries, such as agriculture, chemical processing, electronics and energy.
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