Martingale Asset Management L P Sells 11,056 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Martingale Asset Management L P reduced its stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 47.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,412 shares of the specialty chemicals company's stock after selling 11,056 shares during the period. Martingale Asset Management L P owned 0.06% of Hawkins worth $1,523,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HWKN. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Hawkins by 487.7% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 254,837 shares of the specialty chemicals company's stock valued at $31,260,000 after purchasing an additional 211,472 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Hawkins during the 4th quarter valued at $13,087,000. Cerity Partners LLC grew its holdings in shares of Hawkins by 900.2% in the fourth quarter. Cerity Partners LLC now owns 82,576 shares of the specialty chemicals company's stock worth $10,166,000 after acquiring an additional 74,320 shares during the period. JPMorgan Chase & Co. increased its position in Hawkins by 61.9% during the fourth quarter. JPMorgan Chase & Co. now owns 149,616 shares of the specialty chemicals company's stock valued at $18,353,000 after acquiring an additional 57,179 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in Hawkins in the fourth quarter worth about $5,850,000. Hedge funds and other institutional investors own 69.71% of the company's stock.

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Hawkins Stock Performance

HWKN traded down $2.08 during midday trading on Tuesday, reaching $121.75. The company had a trading volume of 113,708 shares, compared to its average volume of 123,896. Hawkins, Inc. has a 1 year low of $71.98 and a 1 year high of $139.55. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.55 billion, a P/E ratio of 31.06, a P/E/G ratio of 3.80 and a beta of 0.82. The business has a 50-day moving average of $107.79 and a two-hundred day moving average of $117.75.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. As a group, equities research analysts predict that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins's dividend payout ratio is currently 18.37%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. BWS Financial upgraded shares of Hawkins from a "neutral" rating to a "buy" rating and set a $160.00 price objective on the stock in a research note on Monday. CJS Securities initiated coverage on shares of Hawkins in a research report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price target on the stock.

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.