Cerity Partners LLC Has $8.14 Million Stake in Hawkins, Inc. (NASDAQ:HWKN)

Cerity Partners LLC trimmed its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,884 shares of the specialty chemicals company's stock after selling 5,692 shares during the quarter. Cerity Partners LLC owned about 0.37% of Hawkins worth $8,144,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new stake in shares of Hawkins in the fourth quarter valued at about $2,984,000. Raymond James Financial Inc. acquired a new stake in Hawkins in the fourth quarter valued at $13,087,000. Amundi acquired a new stake in shares of Hawkins during the fourth quarter worth about $271,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hawkins by 14.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,403 shares of the specialty chemicals company's stock worth $785,000 after buying an additional 798 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Hawkins by 118.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,603 shares of the specialty chemicals company's stock valued at $687,000 after buying an additional 3,034 shares during the period. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Hawkins Price Performance

Shares of HWKN traded down $2.21 on Friday, hitting $161.38. The company's stock had a trading volume of 141,706 shares, compared to its average volume of 133,856. The company has a market capitalization of $3.37 billion, a PE ratio of 39.95, a PEG ratio of 2.73 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.15 and a quick ratio of 1.37. The company has a 50 day moving average price of $138.94 and a 200 day moving average price of $121.63. Hawkins, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $165.87.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its earnings results on Wednesday, May 14th. The specialty chemicals company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. Hawkins had a net margin of 8.66% and a return on equity of 18.93%. The firm had revenue of $245.32 million during the quarter, compared to analyst estimates of $230.69 million. On average, research analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Friday, May 30th. Hawkins's dividend payout ratio (DPR) is presently 17.82%.

Wall Street Analyst Weigh In

HWKN has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Hawkins from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. BWS Financial reaffirmed a "buy" rating and set a $160.00 target price on shares of Hawkins in a research note on Thursday, May 15th. Finally, CJS Securities assumed coverage on shares of Hawkins in a research note on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price objective for the company.

Hawkins 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.