Teacher Retirement System of Texas cut its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 53.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,879 shares of the specialty chemicals company's stock after selling 5,699 shares during the quarter. Teacher Retirement System of Texas' holdings in Hawkins were worth $599,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in shares of Hawkins by 8,633.3% in the third quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company's stock valued at $33,000 after acquiring an additional 259 shares during the period. Blue Trust Inc. raised its stake in Hawkins by 155.4% in the 4th quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock worth $44,000 after purchasing an additional 216 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Hawkins by 262.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock valued at $55,000 after purchasing an additional 320 shares during the period. TD Private Client Wealth LLC grew its position in shares of Hawkins by 242.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company's stock worth $59,000 after purchasing an additional 325 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Hawkins by 37.0% during the 4th quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock worth $116,000 after purchasing an additional 256 shares in the last quarter. 69.71% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. CJS Securities assumed coverage on Hawkins in a research note on Tuesday. They issued a "market outperform" rating and a $125.00 price target for the company. BWS Financial reiterated a "neutral" rating and set a $122.00 target price on shares of Hawkins in a research report on Friday, January 31st.
View Our Latest Analysis on Hawkins
Hawkins Price Performance
HWKN stock traded down $3.09 during mid-day trading on Thursday, hitting $107.57. The stock had a trading volume of 148,221 shares, compared to its average volume of 123,431. The firm has a fifty day simple moving average of $108.24 and a 200 day simple moving average of $118.45. The firm has a market capitalization of $2.25 billion, a P/E ratio of 27.44, a P/E/G ratio of 3.80 and a beta of 0.77. The company has a current ratio of 2.50, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. Hawkins, Inc. has a 52 week low of $71.98 and a 52 week high of $139.55.
Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) 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%. As a group, research analysts forecast that Hawkins, Inc. will post 4 EPS for the current year.
Hawkins Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.67%. Hawkins's dividend payout ratio (DPR) is currently 18.37%.
About Hawkins
(
Free Report)
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.
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