New York State Teachers Retirement System Sells 2,053 Shares of Hawkins, Inc. (NASDAQ:HWKN)

New York State Teachers Retirement System lessened its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 13.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,427 shares of the specialty chemicals company’s stock after selling 2,053 shares during the quarter. New York State Teachers Retirement System’s holdings in Hawkins were worth $1,712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HWKN. 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 valued at $51,000 after purchasing an additional 168 shares during the period. SG Americas Securities LLC acquired a new stake in Hawkins in the 3rd quarter valued at $100,000. USA Financial Formulas lifted its position in Hawkins by 35.1% during the 3rd quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock worth $113,000 after buying an additional 230 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of Hawkins by 36.9% during the 1st quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock worth $180,000 after buying an additional 631 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Hawkins in the first quarter valued at about $212,000. 69.71% of the stock is owned by institutional investors and hedge funds.

Hawkins Stock Performance

Shares of HWKN opened at $125.27 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39. The firm has a 50-day moving average of $121.63 and a 200-day moving average of $105.16. The company has a market cap of $2.62 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 3.69 and a beta of 0.77. Hawkins, Inc. has a one year low of $54.44 and a one year high of $135.61.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). The business had revenue of $247.03 million for 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%. As a group, equities analysts forecast that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, November 15th. Hawkins’s payout ratio is 18.41%.

Wall Street Analysts Forecast Growth

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