New York State Teachers Retirement System Acquires 2,053 Shares of Hawkins, Inc. (NASDAQ:HWKN)

New York State Teachers Retirement System lifted its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 14.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,880 shares of the specialty chemicals company’s stock after purchasing an additional 2,053 shares during the period. New York State Teachers Retirement System’s holdings in Hawkins were worth $1,118,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HWKN. Centerpoint Advisors LLC bought a new position in Hawkins in the third quarter valued at about $29,000. Captrust Financial Advisors boosted its holdings in Hawkins by 66.6% in the first quarter. Captrust Financial Advisors now owns 1,566 shares of the specialty chemicals company’s stock valued at $72,000 after acquiring an additional 626 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Hawkins by 17.2% in the third quarter. Tower Research Capital LLC TRC now owns 2,520 shares of the specialty chemicals company’s stock valued at $98,000 after acquiring an additional 369 shares during the last quarter. Panagora Asset Management Inc. bought a new position in Hawkins in the third quarter valued at about $203,000. Finally, Advisory Services Network LLC bought a new position in Hawkins in the first quarter valued at about $207,000. Institutional investors own 69.71% of the company’s stock.

Hawkins Trading Down 1.7 %

NASDAQ:HWKN opened at $74.74 on Thursday. Hawkins, Inc. has a 1-year low of $39.20 and a 1-year high of $79.30. The business’s 50-day moving average price is $72.45 and its two-hundred day moving average price is $66.55. The company has a current ratio of 2.45, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 21.48 and a beta of 0.75.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.10. Hawkins had a return on equity of 19.54% and a net margin of 7.91%. The firm had revenue of $208.50 million for the quarter, compared to analyst estimates of $221.24 million. On average, equities analysts expect that Hawkins, Inc. will post 3.61 earnings per share for the current year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.86%. The ex-dividend date was Thursday, February 15th. Hawkins’s payout ratio is 18.39%.

Analysts Set New Price Targets

Separately, StockNews.com cut Hawkins from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

Hawkins 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.