Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,210 shares of the specialty chemicals company's stock after selling 22,236 shares during the quarter. Invesco Ltd. owned 1.20% of Hawkins worth $30,816,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in shares of Hawkins by 155.4% during the 4th quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 216 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Hawkins by 262.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock worth $55,000 after acquiring an additional 320 shares during the last quarter. KBC Group NV raised its position in Hawkins by 37.0% during the fourth quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock worth $116,000 after acquiring an additional 256 shares during the last quarter. Longboard Asset Management LP purchased a new stake in shares of Hawkins in the fourth quarter valued at about $212,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Hawkins in the fourth quarter valued at approximately $222,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Trading Up 1.9 %

Shares of NASDAQ:HWKN traded up $2.36 during trading on Wednesday, reaching $125.22. The stock had a trading volume of 11,227 shares, compared to its average volume of 122,293. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.62 billion, a P/E ratio of 31.94, a PEG ratio of 3.80 and a beta of 0.82. The business has a fifty day moving average price of $108.85 and a 200-day moving average price of $117.62. Hawkins, Inc. has a fifty-two week low of $71.98 and a fifty-two week high of $139.55.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. As a group, analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins's payout ratio is 18.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. CJS Securities started coverage on Hawkins in a research note on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 target price on the stock. BWS Financial upgraded Hawkins from a "neutral" rating to a "buy" rating and set a $160.00 price objective on the stock in a research report on Monday, April 14th.

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.