Teacher Retirement System of Texas Has $308,000 Position in Hawkins, Inc. (NASDAQ:HWKN)

Teacher Retirement System of Texas reduced its stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 40.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,904 shares of the specialty chemicals company's stock after selling 1,975 shares during the period. Teacher Retirement System of Texas' holdings in Hawkins were worth $308,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HWKN. Bessemer Group Inc. raised its stake in Hawkins by 157,110.0% during the 1st quarter. Bessemer Group Inc. now owns 94,326 shares of the specialty chemicals company's stock worth $9,991,000 after buying an additional 94,266 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Hawkins by 2.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 45,599 shares of the specialty chemicals company's stock valued at $4,942,000 after purchasing an additional 1,298 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Hawkins by 2.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,327 shares of the specialty chemicals company's stock valued at $988,000 after purchasing an additional 239 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Hawkins by 11.2% during the 4th 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. Finally, Tudor Investment Corp ET AL raised its holdings in 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 period. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Hawkins Stock Up 0.6%

HWKN stock traded up $0.95 during mid-day trading on Monday, reaching $162.33. The company had a trading volume of 19,074 shares, compared to its average volume of 133,490. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 40.18, a PEG ratio of 2.70 and a beta of 0.85. Hawkins, Inc. has a 52 week low of $98.30 and a 52 week high of $165.87. The stock has a 50 day simple moving average of $138.94 and a two-hundred day simple moving average of $121.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.15 and a quick ratio of 1.37.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share for the quarter, topping the consensus estimate 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 analysts predict 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 given a $0.18 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.44%. Hawkins's payout ratio is presently 17.82%.

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.