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

Intech Investment Management LLC boosted its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 23.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,617 shares of the specialty chemicals company’s stock after purchasing an additional 3,970 shares during the period. Intech Investment Management LLC owned 0.10% of Hawkins worth $3,767,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of Hawkins by 9.0% in the first quarter. AQR Capital Management LLC now owns 12,331 shares of the specialty chemicals company’s stock worth $1,306,000 after buying an additional 1,017 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Hawkins by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,499 shares of the specialty chemicals company’s stock valued at $1,218,000 after buying an additional 494 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Hawkins by 9.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 52,778 shares of the specialty chemicals company’s stock worth $5,590,000 after acquiring an additional 4,400 shares in the last quarter. Jane Street Group LLC boosted its position in Hawkins by 83.2% during the 1st quarter. Jane Street Group LLC now owns 38,416 shares of the specialty chemicals company’s stock worth $4,069,000 after acquiring an additional 17,447 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Hawkins by 50.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,771 shares of the specialty chemicals company’s stock worth $1,957,000 after acquiring an additional 4,631 shares during the period. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Trading Down 0.3%

Shares of NASDAQ:HWKN opened at $149.10 on Monday. The stock has a market capitalization of $3.12 billion, a PE ratio of 37.75, a P/E/G ratio of 3.15 and a beta of 0.82. Hawkins, Inc. has a 1 year low of $98.30 and a 1 year high of $186.15. The firm has a fifty day moving average price of $146.33 and a 200 day moving average price of $152.79. The company has a current ratio of 2.35, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49.

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

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued 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 payout ratio is 19.24%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings downgraded Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. BWS Financial reiterated a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a research note on Thursday, January 29th. Finally, Zacks Research raised shares of Hawkins from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $162.50.

Insider Transactions at Hawkins

In related news, Director James A. Faulconbridge purchased 1,500 shares of the stock in a transaction on Wednesday, February 4th. The shares were bought at an average price of $129.29 per share, for a total transaction of $193,935.00. Following the completion of the acquisition, the director directly owned 50,907 shares in the company, valued at approximately $6,581,766.03. This trade represents a 3.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.10% of the stock is owned by insiders.

Hawkins Profile

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.