Strs Ohio Has $795,000 Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Strs Ohio trimmed its position in Hawkins, Inc. (NASDAQ:HWKN) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,300 shares of the specialty chemicals company’s stock after selling 300 shares during the period. Strs Ohio’s holdings in Hawkins were worth $795,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Centerpoint Advisors LLC acquired a new position in shares of Hawkins in the third quarter valued at $29,000. Panagora Asset Management Inc. acquired a new position in shares of Hawkins in the third quarter valued at $203,000. Quantbot Technologies LP acquired a new position in shares of Hawkins in the third quarter valued at $214,000. Mutual of America Capital Management LLC acquired a new position in Hawkins during the fourth quarter worth $233,000. Finally, Bailard Inc. acquired a new position in Hawkins during the third quarter worth $241,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Hawkins Price Performance

Shares of HWKN stock opened at $77.20 on Thursday. The stock’s fifty day moving average is $73.42 and its 200-day moving average is $67.06. The stock has a market capitalization of $1.62 billion, a PE ratio of 22.18 and a beta of 0.75. Hawkins, Inc. has a 52 week low of $39.20 and a 52 week high of $79.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.45.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.71 earnings per share (EPS) 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 business had revenue of $208.50 million for the quarter, compared to analysts’ expectations of $221.24 million. Equities research analysts expect that Hawkins, Inc. will post 3.61 EPS for the current fiscal 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 0.83%. The ex-dividend date was Thursday, February 15th. Hawkins’s payout ratio is 18.39%.

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.