Illinois Municipal Retirement Fund Acquires 398 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Illinois Municipal Retirement Fund lifted its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,236 shares of the specialty chemicals company’s stock after buying an additional 398 shares during the period. Illinois Municipal Retirement Fund’s holdings in Hawkins were worth $791,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HWKN. First Interstate Bank bought a new stake in Hawkins during the fourth quarter worth approximately $211,000. Louisiana State Employees Retirement System bought a new position in shares of Hawkins during the 4th quarter valued at approximately $669,000. Cerity Partners LLC purchased a new stake in Hawkins during the 4th quarter valued at $7,093,000. Mutual of America Capital Management LLC bought a new stake in Hawkins in the fourth quarter worth $233,000. Finally, Miller Howard Investments Inc. NY boosted its stake in Hawkins by 63.4% during the fourth quarter. Miller Howard Investments Inc. NY now owns 9,362 shares of the specialty chemicals company’s stock worth $659,000 after buying an additional 3,634 shares during the period. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Hawkins Trading Up 3.2 %

HWKN opened at $78.23 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.45. The stock’s 50 day moving average price is $74.03 and its 200-day moving average price is $67.53. Hawkins, Inc. has a one year low of $39.20 and a one year high of $79.30. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 22.48 and a beta of 0.75.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, January 31st. The specialty chemicals company reported $0.71 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 company had revenue of $208.50 million for the quarter, compared to the consensus estimate of $221.24 million. On average, equities analysts forecast that Hawkins, Inc. will post 3.61 EPS for the current year.

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, February 15th. Hawkins’s dividend payout ratio is presently 18.39%.

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.