Teton Advisors Inc. Reduces Stock Position in Hawkins, Inc. (NASDAQ:HWKN)

Teton Advisors Inc. reduced its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 39.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,400 shares of the specialty chemicals company's stock after selling 4,100 shares during the period. Teton Advisors Inc.'s holdings in Hawkins were worth $785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Hawkins by 155.4% during the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock valued at $44,000 after acquiring an additional 216 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Hawkins by 262.3% in 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 last quarter. TD Private Client Wealth LLC grew 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 buying an additional 325 shares during the last quarter. KBC Group NV lifted its position in 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 acquiring an additional 256 shares during the period. Finally, Defined Financial Planning LLC purchased a new stake in Hawkins in the fourth quarter valued at approximately $205,000. Hedge funds and other institutional investors own 69.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HWKN. BWS Financial raised Hawkins from a "neutral" rating to a "buy" rating and set a $160.00 price target for the company in a report on Monday, April 14th. CJS Securities assumed coverage on Hawkins in a report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price objective on the stock.

Hawkins Trading Up 0.3 %

Shares of NASDAQ:HWKN traded up $0.41 during mid-day trading on Friday, reaching $121.63. 88,138 shares of the company were exchanged, compared to its average volume of 123,869. Hawkins, Inc. has a 1 year low of $71.98 and a 1 year high of $139.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53. The firm's 50-day simple moving average is $108.45 and its 200 day simple moving average is $117.73. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 3.80 and a beta of 0.82.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share 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%. Equities research analysts forecast that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Dividend Announcement

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

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.