Bank of America Corp DE Sells 6,011 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Bank of America Corp DE decreased its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,591 shares of the specialty chemicals company's stock after selling 6,011 shares during the quarter. Bank of America Corp DE owned 0.16% of Hawkins worth $4,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of HWKN. Summit Investment Advisors Inc. increased its stake in Hawkins by 5.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,023 shares of the specialty chemicals company's stock worth $248,000 after purchasing an additional 99 shares during the period. New York State Teachers Retirement System increased its stake in Hawkins by 0.7% in the 4th quarter. New York State Teachers Retirement System now owns 13,527 shares of the specialty chemicals company's stock worth $1,659,000 after purchasing an additional 100 shares during the period. Mariner LLC increased its stake in Hawkins by 7.4% in the 4th quarter. Mariner LLC now owns 1,956 shares of the specialty chemicals company's stock worth $240,000 after purchasing an additional 135 shares during the period. Values First Advisors Inc. increased its stake in Hawkins by 1.4% in the 4th quarter. Values First Advisors Inc. now owns 12,056 shares of the specialty chemicals company's stock worth $1,479,000 after purchasing an additional 170 shares during the period. Finally, Anchor Capital Advisors LLC increased its stake in Hawkins by 1.5% in the 4th quarter. Anchor Capital Advisors LLC now owns 14,602 shares of the specialty chemicals company's stock worth $1,791,000 after purchasing an additional 214 shares during the period. Institutional investors own 69.71% of the company's stock.

Hawkins Trading Up 0.1%

Shares of HWKN traded up $0.13 during mid-day trading on Friday, hitting $132.82. 151,899 shares of the company's stock traded hands, compared to its average volume of 125,619. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. Hawkins, Inc. has a 1 year low of $83.88 and a 1 year high of $139.55. The firm has a market capitalization of $2.76 billion, a P/E ratio of 33.88, a PEG ratio of 3.80 and a beta of 0.87. The business's 50-day moving average price is $119.03 and its 200-day moving average price is $117.98.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its earnings results on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. Hawkins had a return on equity of 18.95% and a net margin of 8.60%. The firm had revenue of $245.32 million for the quarter, compared to analysts' expectations of $230.69 million. As a group, sell-side analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, May 30th. Hawkins's dividend payout ratio is presently 17.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HWKN shares. Wall Street Zen cut Hawkins from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. BWS Financial reaffirmed a "buy" rating and issued a $160.00 price target on shares of Hawkins in a research note on Thursday, May 15th. Finally, CJS Securities started coverage on Hawkins in a research note on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 target price on the stock.

Hawkins Company 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.