Intech Investment Management LLC Has $4.19 Million Stake in Hawkins, Inc. $HWKN

Key Points

• Intech Investment Management LLC increased its stake in Hawkins, Inc. by 8.4% in Q1, now owning approximately 0.19% of the company valued at $4.2 million.
• Hawkins reported strong quarterly earnings with an EPS of $1.40, surpassing estimates, and had a revenue of $293.27 million compared to predictions of $278.76 million.
• The company declared an increased quarterly dividend of $0.19 per share, reflecting a 0.4% dividend yield and a payout ratio of 18.72%.

Intech Investment Management LLC grew its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 8.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,511 shares of the specialty chemicals company's stock after purchasing an additional 3,060 shares during the period. Intech Investment Management LLC owned approximately 0.19% of Hawkins worth $4,185,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HWKN. Cetera Investment Advisers increased its holdings in shares of Hawkins by 3.4% during the fourth quarter. Cetera Investment Advisers now owns 5,035 shares of the specialty chemicals company's stock valued at $618,000 after purchasing an additional 165 shares during the period. Deutsche Bank AG boosted its stake in Hawkins by 48.3% during the fourth quarter. Deutsche Bank AG now owns 17,756 shares of the specialty chemicals company's stock valued at $2,178,000 after buying an additional 5,785 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Hawkins by 11.7% during the fourth quarter. Janus Henderson Group PLC now owns 45,741 shares of the specialty chemicals company's stock valued at $5,610,000 after buying an additional 4,807 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Hawkins by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,005 shares of the specialty chemicals company's stock valued at $1,350,000 after buying an additional 406 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Hawkins by 291.5% during the fourth quarter. Millennium Management LLC now owns 86,100 shares of the specialty chemicals company's stock valued at $10,562,000 after buying an additional 64,110 shares in the last quarter. 69.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HWKN has been the subject of several research reports. Wall Street Zen cut Hawkins from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Zacks Research upgraded Hawkins to a "strong-buy" rating in a research report on Tuesday, August 12th. Raymond James Financial started coverage on Hawkins in a research report on Thursday, July 24th. They issued a "market perform" rating for the company. Finally, BWS Financial increased their price target on Hawkins from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $162.50.

Hawkins Stock Up 2.1%

Shares of NASDAQ HWKN traded up $3.60 during mid-day trading on Thursday, reaching $177.31. The company had a trading volume of 47,919 shares, compared to its average volume of 149,271. The stock has a fifty day moving average of $167.68 and a two-hundred day moving average of $138.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.31. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 2.45 and a beta of 0.86. Hawkins, Inc. has a 12-month low of $98.30 and a 12-month high of $185.50.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.07. The business had revenue of $293.27 million during the quarter, compared to analyst estimates of $278.76 million. Hawkins had a net margin of 8.37% and a return on equity of 18.35%. As a group, equities research analysts expect that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, August 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. This is a positive change from Hawkins's previous quarterly dividend of $0.18. Hawkins's dividend payout ratio is presently 18.72%.

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.