ProShare Advisors LLC increased its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,415 shares of the specialty chemicals company’s stock after buying an additional 7,689 shares during the quarter. ProShare Advisors LLC owned about 1.36% of Hawkins worth $6,694,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its position in Hawkins by 1.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 48,647 shares of the specialty chemicals company’s stock worth $2,255,000 after buying an additional 541 shares in the last quarter. Martingale Asset Management L P grew its position in Hawkins by 13.9% during the second quarter. Martingale Asset Management L P now owns 38,408 shares of the specialty chemicals company’s stock worth $1,781,000 after buying an additional 4,700 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Hawkins by 0.7% during the second quarter. TIAA CREF Investment Management LLC now owns 30,014 shares of the specialty chemicals company’s stock worth $1,391,000 after buying an additional 209 shares in the last quarter. HPM Partners LLC grew its position in Hawkins by 38.4% during the second quarter. HPM Partners LLC now owns 27,675 shares of the specialty chemicals company’s stock worth $1,287,000 after buying an additional 7,675 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in Hawkins by 32.1% during the second quarter. Prudential Financial Inc. now owns 25,036 shares of the specialty chemicals company’s stock worth $1,161,000 after buying an additional 6,090 shares in the last quarter. 59.46% of the stock is currently owned by institutional investors and hedge funds.

HWKN has been the topic of a number of analyst reports. BidaskClub downgraded Hawkins from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. TheStreet downgraded Hawkins from a “b” rating to a “c+” rating in a research report on Tuesday, August 15th.

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Shares of Hawkins, Inc. (NASDAQ HWKN) opened at 38.75 on Thursday. Hawkins, Inc. has a 12 month low of $35.15 and a 12 month high of $54.80. The firm has a market cap of $413.19 million, a P/E ratio of 19.76 and a beta of 0.77. The company’s 50-day moving average price is $38.69 and its 200-day moving average price is $45.62.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $0.55 earnings per share (EPS) for the quarter. Hawkins had a net margin of 4.28% and a return on equity of 9.53%. The company had revenue of $133.73 million during the quarter. On average, analysts predict that Hawkins, Inc. will post $2.52 EPS for the current year.

The business also recently declared a semiannual dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be paid a $0.44 dividend. This is an increase from Hawkins’s previous semiannual dividend of $0.42. This represents a yield of 2.16%. The ex-dividend date of this dividend is Thursday, September 21st. Hawkins’s dividend payout ratio is presently 42.64%.

In related news, VP Richard G. Erstad sold 1,200 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $40.59, for a total value of $48,708.00. Following the completion of the transaction, the vice president now directly owns 9,300 shares of the company’s stock, valued at $377,487. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mary J. Schumacher purchased 1,400 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average cost of $35.80 per share, with a total value of $50,120.00. Following the completion of the purchase, 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 corporate insiders.

About Hawkins

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.

Institutional Ownership by Quarter for Hawkins (NASDAQ:HWKN)

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