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

Intech Investment Management LLC acquired a new position in Hawkins, Inc. (NASDAQ:HWKN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,221 shares of the specialty chemicals company’s stock, valued at approximately $538,000.

Several other large investors also recently bought and sold shares of HWKN. American Century Companies Inc. boosted its holdings in shares of Hawkins by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock valued at $32,825,000 after acquiring an additional 66,109 shares during the last quarter. Aptus Capital Advisors LLC bought a new position in Hawkins during the second quarter valued at approximately $4,741,000. Westwood Holdings Group Inc. lifted its position in Hawkins by 11.5% during the second quarter. Westwood Holdings Group Inc. now owns 457,342 shares of the specialty chemicals company’s stock valued at $41,618,000 after purchasing an additional 47,129 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in Hawkins in the third quarter worth approximately $5,528,000. Finally, Rice Hall James & Associates LLC bought a new stake in Hawkins in the 3rd quarter worth approximately $4,016,000. 69.71% of the stock is currently owned by institutional investors.

Hawkins Stock Up 0.8 %

HWKN stock opened at $134.51 on Monday. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 34.40, a P/E/G ratio of 4.67 and a beta of 0.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The business’s 50-day moving average is $124.60 and its two-hundred day moving average is $110.80. Hawkins, Inc. has a fifty-two week low of $54.44 and a fifty-two week high of $138.86.

Hawkins (NASDAQ:HWKN) last released its quarterly 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 business had revenue of $247.03 million for the quarter, compared to analysts’ expectations of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. As a group, analysts forecast that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given 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 payout ratio is presently 18.41%.

Wall Street Analysts Forecast Growth

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

Hawkins 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.