Johnson Investment Counsel Inc. Has $2.06 Million Stake in Hawkins, Inc. (NASDAQ:HWKN)

Johnson Investment Counsel Inc. lessened its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 19.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,440 shares of the specialty chemicals company's stock after selling 4,610 shares during the period. Johnson Investment Counsel Inc. owned approximately 0.09% of Hawkins worth $2,059,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. acquired a new position in Hawkins in the fourth quarter valued at about $34,000. Blue Trust Inc. raised its stake in shares of Hawkins by 155.4% in 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 during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Hawkins in the 4th quarter worth approximately $53,000. Smartleaf Asset Management LLC grew its position in Hawkins by 262.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock worth $55,000 after acquiring an additional 320 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Hawkins by 20.4% during the 1st quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company's stock valued at $56,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 69.71% of the company's stock.

Hawkins Trading Up 0.2%

NASDAQ:HWKN traded up $0.21 during trading hours on Tuesday, hitting $140.10. 205,845 shares of the stock were exchanged, compared to its average volume of 127,254. The company has a market capitalization of $2.91 billion, a P/E ratio of 34.68, a price-to-earnings-growth ratio of 2.29 and a beta of 0.85. The company has a quick ratio of 1.37, a current ratio of 2.15 and a debt-to-equity ratio of 0.30. The company's 50 day moving average is $127.61 and its two-hundred day moving average is $118.31. Hawkins, Inc. has a twelve month low of $87.24 and a twelve month high of $141.26.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly 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. The business had revenue of $245.32 million for the quarter, compared to analyst estimates of $230.69 million. Hawkins had a return on equity of 18.93% and a net margin of 8.66%. On average, sell-side analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Friday, May 30th. Hawkins's dividend payout ratio (DPR) is presently 17.82%.

Analyst Ratings Changes

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

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.