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

Intech Investment Management LLC acquired a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,221 shares of the specialty chemicals company's stock, valued at approximately $538,000.

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

Analysts Set New Price Targets

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

Hawkins Stock Up 1.6 %

Shares of HWKN stock traded up $2.14 during trading hours on Monday, hitting $136.65. 101,942 shares of the company were exchanged, compared to its average volume of 127,775. The business's 50-day simple moving average is $124.60 and its two-hundred day simple moving average is $111.04. Hawkins, Inc. has a one year low of $54.44 and a one year high of $138.86. The stock has a market capitalization of $2.86 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.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its 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 firm had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. Sell-side analysts predict that Hawkins, Inc. will post 4.12 EPS for the current fiscal year.

Hawkins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, November 15th. Hawkins's dividend payout ratio is presently 18.41%.

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.