Strs Ohio Decreases Stock Position in Hawkins, Inc. (NASDAQ:HWKN)

Strs Ohio cut its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,300 shares of the specialty chemicals company’s stock after selling 300 shares during the period. Strs Ohio owned about 0.05% of Hawkins worth $795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System boosted its stake in shares of Hawkins by 2.2% during the 3rd quarter. New York State Teachers Retirement System now owns 13,827 shares of the specialty chemicals company’s stock worth $814,000 after purchasing an additional 302 shares during the last quarter. Swiss National Bank boosted its stake in shares of Hawkins by 0.9% during the 3rd quarter. Swiss National Bank now owns 43,988 shares of the specialty chemicals company’s stock worth $2,589,000 after purchasing an additional 400 shares during the last quarter. Centerpoint Advisors LLC acquired a new stake in shares of Hawkins during the 3rd quarter worth about $29,000. Raymond James & Associates boosted its stake in shares of Hawkins by 12.2% during the 4th quarter. Raymond James & Associates now owns 4,895 shares of the specialty chemicals company’s stock worth $345,000 after purchasing an additional 534 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Hawkins by 1.2% in the third quarter. Rhumbline Advisers now owns 54,596 shares of the specialty chemicals company’s stock worth $3,213,000 after acquiring an additional 624 shares during the last quarter. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Hawkins Price Performance

HWKN opened at $77.20 on Thursday. The company’s 50 day simple moving average is $73.42 and its 200 day simple moving average is $67.06. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.45. Hawkins, Inc. has a 1 year low of $39.20 and a 1 year high of $79.30. The stock has a market capitalization of $1.62 billion, a PE ratio of 22.18 and a beta of 0.75.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.10. Hawkins had a net margin of 7.91% and a return on equity of 19.54%. The business had revenue of $208.50 million for the quarter, compared to analysts’ expectations of $221.24 million. As a group, sell-side analysts expect that Hawkins, Inc. will post 3.61 EPS for the current year.

Hawkins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.64 annualized dividend and a yield of 0.83%. Hawkins’s payout ratio is 18.39%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Hawkins from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

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.