Intech Investment Management LLC Makes New $538,000 Investment in Hawkins, Inc. (NASDAQ:HWKN)

Intech Investment Management LLC bought a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,221 shares of the specialty chemicals company’s stock, valued at approximately $538,000.

Other institutional investors have also recently made changes to their positions in the company. Ellsworth Advisors LLC boosted its position in shares of Hawkins by 1.2% during the third quarter. Ellsworth Advisors LLC now owns 7,560 shares of the specialty chemicals company’s stock valued at $964,000 after purchasing an additional 89 shares in the last quarter. Arizona State Retirement System lifted its position in Hawkins by 1.9% during the second quarter. Arizona State Retirement System now owns 5,571 shares of the specialty chemicals company’s stock valued at $507,000 after buying an additional 103 shares during the period. Morgan Dempsey Capital Management LLC boosted its holdings in shares of Hawkins by 5.1% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company’s stock valued at $239,000 after buying an additional 127 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Hawkins by 71.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 168 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in shares of Hawkins by 2.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the specialty chemicals company’s stock worth $874,000 after buying an additional 200 shares during the period. Institutional investors own 69.71% of the company’s stock.

Hawkins Stock Performance

Shares of HWKN opened at $134.51 on Monday. 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 $2.81 billion, a P/E ratio of 34.40, a P/E/G ratio of 4.67 and a beta of 0.77. The business’s 50 day moving average price is $124.60 and its 200-day moving average price is $110.80. Hawkins, Inc. has a 52 week low of $54.44 and a 52 week high of $138.86.

Hawkins (NASDAQ:HWKN) last released 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 company had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. Equities research analysts anticipate that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.72 annualized dividend and a yield of 0.54%. Hawkins’s dividend payout ratio (DPR) is presently 18.41%.

Wall Street Analyst Weigh In

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

Hawkins Company 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.