Teacher Retirement System of Texas Sells 1,975 Shares of Hawkins, Inc. (NASDAQ:HWKN)

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

Other institutional investors have also modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new stake in Hawkins in the 4th quarter valued at about $34,000. NewEdge Advisors LLC acquired a new stake in shares of Hawkins in the fourth quarter worth approximately $53,000. GAMMA Investing LLC lifted its position in Hawkins by 20.4% during the first quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company's stock valued at $56,000 after buying an additional 90 shares in the last quarter. Defined Financial Planning LLC purchased a new stake in shares of Hawkins during the fourth quarter valued at approximately $205,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Hawkins during the fourth quarter valued at approximately $222,000. 69.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. BWS Financial restated a "buy" rating and issued a $160.00 price target on shares of Hawkins in a research note on Thursday, May 15th. CJS Securities began coverage on shares of Hawkins in a report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Hawkins from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.

Hawkins Stock Up 0.9%

HWKN stock traded up $1.40 during mid-day trading on Tuesday, hitting $161.15. The stock had a trading volume of 171,509 shares, compared to its average volume of 133,728. The company has a current ratio of 2.15, a quick ratio of 1.37 and a debt-to-equity ratio of 0.30. Hawkins, Inc. has a 1-year low of $98.30 and a 1-year high of $165.87. The company has a fifty day moving average of $138.94 and a 200 day moving average of $121.63. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 2.67 and a beta of 0.85.

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 for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. Hawkins had a return on equity of 18.93% and a net margin of 8.66%. The company had revenue of $245.32 million during the quarter, compared to the consensus estimate of $230.69 million. On average, equities analysts expect that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 0.45%. Hawkins's payout ratio is presently 17.82%.

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.