Sei Investments Co. Sells 8,393 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Sei Investments Co. cut its stake in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 67.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,028 shares of the specialty chemicals company's stock after selling 8,393 shares during the period. Sei Investments Co.'s holdings in Hawkins were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HWKN. Blue Trust Inc. grew its stake in Hawkins by 155.4% during the 4th quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock valued at $44,000 after purchasing an additional 216 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Hawkins by 262.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock worth $55,000 after buying an additional 320 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of Hawkins by 242.5% during the third quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company's stock valued at $59,000 after purchasing an additional 325 shares during the period. KBC Group NV increased its stake in Hawkins by 37.0% during the 4th quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock valued at $116,000 after buying an additional 256 shares during the period. Finally, Longboard Asset Management LP acquired a new stake in shares of Hawkins in the fourth quarter valued at $212,000. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

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Hawkins Price Performance

Shares of NASDAQ:HWKN traded down $1.14 during midday trading on Tuesday, reaching $122.69. 5,906 shares of the company's stock were exchanged, compared to its average volume of 123,589. Hawkins, Inc. has a 12 month low of $71.98 and a 12 month high of $139.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50. The company's 50 day simple moving average is $107.79 and its two-hundred day simple moving average is $117.75. The firm has a market capitalization of $2.57 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 3.80 and a beta of 0.82.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. Equities research analysts expect that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HWKN. 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 target price on the stock. BWS Financial upgraded shares of Hawkins from a "neutral" rating to a "buy" rating and set a $160.00 target price for the company in a research note on Monday.

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.