Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Johnson Investment Counsel Inc.

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

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Hawkins by 11.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,378 shares of the specialty chemicals company's stock worth $5,935,000 after purchasing an additional 4,861 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Hawkins by 67.3% during the 4th quarter. Tudor Investment Corp ET AL now owns 67,038 shares of the specialty chemicals company's stock worth $8,224,000 after buying an additional 26,970 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Hawkins in the 1st quarter worth about $1,287,000. Proficio Capital Partners LLC purchased a new stake in shares of Hawkins in the 4th quarter worth about $2,984,000. Finally, Cynosure Group LLC acquired a new stake in Hawkins in the 4th quarter valued at about $299,000. Institutional investors and hedge funds own 69.71% of the company's stock.

Hawkins Stock Down 0.7%

HWKN opened at $137.28 on Friday. 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 firm has a market cap of $2.86 billion, a P/E ratio of 33.98, a PEG ratio of 2.31 and a beta of 0.85. Hawkins, Inc. has a 52 week low of $87.24 and a 52 week high of $140.58. The business's fifty day simple moving average is $127.29 and its 200 day simple moving average is $118.51.

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

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a yield of 0.52%. Hawkins's dividend payout ratio (DPR) is currently 17.82%.

Analyst Upgrades and Downgrades

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

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.

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