Intech Investment Management LLC Has $3.77 Million Holdings in Hawkins, Inc. $HWKN

Intech Investment Management LLC boosted its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 23.8% in the third quarter, Holdings Channel reports. The fund owned 20,617 shares of the specialty chemicals company’s stock after acquiring an additional 3,970 shares during the period. Intech Investment Management LLC’s holdings in Hawkins were worth $3,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Quantum Private Wealth LLC bought a new position in shares of Hawkins in the third quarter worth about $237,000. Granite Investment Partners LLC bought a new stake in Hawkins during the 3rd quarter valued at approximately $11,610,000. Vestmark Advisory Solutions Inc. acquired a new stake in Hawkins in the 3rd quarter valued at approximately $950,000. Alliance Wealth Advisors LLC UT increased its position in Hawkins by 7.7% in the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 5,544 shares of the specialty chemicals company’s stock worth $1,013,000 after buying an additional 394 shares during the period. Finally, NewEdge Wealth LLC bought a new position in Hawkins in the 3rd quarter worth approximately $935,000. 69.71% of the stock is currently owned by institutional investors.

Hawkins Trading Down 0.3%

Shares of Hawkins stock opened at $149.10 on Monday. Hawkins, Inc. has a 12-month low of $98.30 and a 12-month high of $186.15. The stock has a market capitalization of $3.12 billion, a P/E ratio of 37.75, a price-to-earnings-growth ratio of 3.15 and a beta of 0.82. The company has a 50-day simple moving average of $146.33 and a 200 day simple moving average of $152.79. The company has a quick ratio of 1.46, a current ratio of 2.35 and a debt-to-equity ratio of 0.49.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Wednesday, January 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). Hawkins had a net margin of 7.75% and a return on equity of 16.85%. The business had revenue of $244.08 million for the quarter, compared to analyst estimates of $252.51 million. Research analysts expect that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, February 13th. Hawkins’s dividend payout ratio (DPR) is presently 19.24%.

Insider Buying and Selling at Hawkins

In related news, Director James A. Faulconbridge bought 1,500 shares of Hawkins stock in a transaction dated Wednesday, February 4th. The shares were bought at an average cost of $129.29 per share, for a total transaction of $193,935.00. Following the completion of the transaction, the director owned 50,907 shares of the company’s stock, valued at approximately $6,581,766.03. This trade represents a 3.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HWKN. Zacks Research upgraded shares of Hawkins from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. BWS Financial reissued a “buy” rating and issued a $200.00 price target on shares of Hawkins in a report on Thursday, January 29th. Finally, Weiss Ratings lowered shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $162.50.

About Hawkins

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.