State Board of Administration of Florida Retirement System Sells 1,361 Shares of Hawkins, Inc. (NASDAQ:HWKN)

State Board of Administration of Florida Retirement System lessened its position in Hawkins, Inc. (NASDAQ:HWKNGet Rating) by 8.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,671 shares of the specialty chemicals company’s stock after selling 1,361 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.07% of Hawkins worth $565,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Tradition Wealth Management LLC increased its holdings in shares of Hawkins by 200.0% in the second quarter. Tradition Wealth Management LLC now owns 1,500 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 1,000 shares in the last quarter. Captrust Financial Advisors increased its stake in Hawkins by 66.6% during the 1st quarter. Captrust Financial Advisors now owns 1,566 shares of the specialty chemicals company’s stock worth $72,000 after purchasing an additional 626 shares in the last quarter. KBC Group NV bought a new stake in Hawkins during the 2nd quarter worth approximately $58,000. Advisory Services Network LLC acquired a new stake in Hawkins during the 1st quarter worth approximately $207,000. Finally, GSA Capital Partners LLP bought a new position in Hawkins in the first quarter valued at approximately $214,000. 61.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HWKN has been the topic of a number of research analyst reports. BWS Financial lowered shares of Hawkins from a “buy” rating to a “neutral” rating in a report on Friday, November 4th. StockNews.com initiated coverage on Hawkins in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Hawkins Trading Up 2.2 %

Shares of Hawkins stock opened at $42.20 on Friday. The stock has a market cap of $887.04 million, a P/E ratio of 15.18 and a beta of 0.85. The company has a quick ratio of 1.52, a current ratio of 2.77 and a debt-to-equity ratio of 0.39. Hawkins, Inc. has a 12-month low of $32.77 and a 12-month high of $48.12. The business’s 50 day moving average is $40.81 and its 200-day moving average is $38.73.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be paid a $0.14 dividend. The ex-dividend date is Thursday, November 17th. This represents a $0.56 annualized dividend and a yield of 1.33%. Hawkins’s dividend payout ratio (DPR) is currently 20.14%.

Hawkins Profile

(Get Rating)

Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationally. 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.

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Institutional Ownership by Quarter for Hawkins (NASDAQ:HWKN)

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