Intech Investment Management LLC Sells 11,602 Shares of Hawkins, Inc. $HWKN

Intech Investment Management LLC reduced its stake in Hawkins, Inc. (NASDAQ:HWKN) by 56.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,015 shares of the specialty chemicals company’s stock after selling 11,602 shares during the period. Intech Investment Management LLC’s holdings in Hawkins were worth $1,281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC increased its stake in shares of Hawkins by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 513,535 shares of the specialty chemicals company’s stock valued at $72,965,000 after purchasing an additional 13,828 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Hawkins during the fourth quarter valued at approximately $93,000. William Blair Investment Management LLC bought a new position in shares of Hawkins during the fourth quarter valued at approximately $19,098,000. Legato Capital Management LLC bought a new position in shares of Hawkins during the fourth quarter valued at approximately $276,000. Finally, ProShare Advisors LLC increased its stake in shares of Hawkins by 3.0% during the fourth quarter. ProShare Advisors LLC now owns 3,815 shares of the specialty chemicals company’s stock valued at $542,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 69.71% of the company’s stock.

Analysts Set New Price Targets

HWKN has been the subject of a number of analyst reports. Weiss Ratings raised shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. BWS Financial reaffirmed a “buy” rating and set a $200.00 target price on shares of Hawkins in a research note on Monday, March 23rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Hawkins has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Hawkins Price Performance

Shares of HWKN opened at $155.07 on Friday. The company has a market capitalization of $3.24 billion, a P/E ratio of 39.66, a price-to-earnings-growth ratio of 2.75 and a beta of 0.76. The company has a quick ratio of 1.46, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $157.22 and a 200 day moving average of $147.99. Hawkins, Inc. has a twelve month low of $117.98 and a twelve month high of $186.15.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.02). The firm had revenue of $265.91 million for the quarter, compared to the consensus estimate of $255.28 million. Hawkins had a net margin of 7.53% and a return on equity of 16.08%. As a group, equities research analysts anticipate that Hawkins, Inc. will post 4.27 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.5%. Hawkins’s dividend payout ratio (DPR) is 19.44%.

Hawkins Profile

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.