Intech Investment Management LLC Has $4.19 Million Position 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 increased its stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 39,511 shares of the specialty chemicals company's stock after purchasing an additional 3,060 shares during the quarter. 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. Westwood Holdings Group Inc. lifted its holdings in shares of Hawkins by 31.5% during the first quarter. Westwood Holdings Group Inc. now owns 599,015 shares of the specialty chemicals company's stock worth $63,448,000 after buying an additional 143,425 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Hawkins by 37.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 350,722 shares of the specialty chemicals company's stock worth $37,148,000 after buying an additional 95,885 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Hawkins by 157,110.0% during the first quarter. Bessemer Group Inc. now owns 94,326 shares of the specialty chemicals company's stock valued at $9,991,000 after purchasing an additional 94,266 shares during the period. Millennium Management LLC increased its position in shares of 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 purchasing an additional 64,110 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Hawkins by 12,653.7% during the first quarter. GAMMA Investing LLC now owns 56,244 shares of the specialty chemicals company's stock valued at $59,570,000 after purchasing an additional 55,803 shares during the period. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HWKN shares. Zacks Research upgraded Hawkins to a "strong-buy" rating in a research report on Tuesday, August 12th. BWS Financial upped their price target on Hawkins from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Raymond James Financial initiated coverage on Hawkins in a research note on Thursday, July 24th. They set a "market perform" rating on the stock. Finally, Wall Street Zen lowered Hawkins from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Hawkins currently has an average rating of "Buy" and a consensus target price of $162.50.

Hawkins Trading Up 0.5%

NASDAQ:HWKN traded up $0.91 during mid-day trading on Monday, hitting $174.21. The company had a trading volume of 130,929 shares, compared to its average volume of 120,639. Hawkins, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $185.50. The business's fifty day moving average is $166.90 and its two-hundred day moving average is $137.86. 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 firm has a market cap of $3.64 billion, a P/E ratio of 42.91, a P/E/G ratio of 2.45 and a beta of 0.86.

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

Hawkins Increases Dividend

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

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.