Intech Investment Management LLC Increases Stock Position in Hawkins, Inc. (NASDAQ:HWKN)

Intech Investment Management LLC boosted its stake in Hawkins, Inc. (NASDAQ:HWKN) by 763.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,451 shares of the specialty chemicals company’s stock after purchasing an additional 32,230 shares during the period. Intech Investment Management LLC owned approximately 0.17% of Hawkins worth $4,471,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in Hawkins by 8,633.3% in the 3rd quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 259 shares during the period. Blue Trust Inc. grew its position in Hawkins by 155.4% in the 4th quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 216 shares during the period. Smartleaf Asset Management LLC grew its position in Hawkins by 262.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company’s stock worth $55,000 after purchasing an additional 320 shares during the period. TD Private Client Wealth LLC grew its position in Hawkins by 242.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 325 shares during the period. Finally, KBC Group NV grew its position in Hawkins by 37.0% in the 4th quarter. KBC Group NV now owns 948 shares of the specialty chemicals company’s stock worth $116,000 after purchasing an additional 256 shares during the period. Institutional investors own 69.71% of the company’s stock.

Hawkins Trading Down 0.8 %

Shares of HWKN stock opened at $105.97 on Wednesday. Hawkins, Inc. has a 1 year low of $71.20 and a 1 year high of $139.55. The firm has a fifty day moving average price of $109.97 and a 200-day moving average price of $119.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 3.80 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. As a group, equities analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, February 14th. Hawkins’s payout ratio is 18.37%.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a “neutral” rating and issued a $122.00 target price on shares of Hawkins in a research report on Friday, January 31st.

About Hawkins

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.