Rhumbline Advisers Has $5.42 Million Stake in Hawkins, Inc. (NASDAQ:HWKN)

Rhumbline Advisers reduced its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 14.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,159 shares of the specialty chemicals company’s stock after selling 8,896 shares during the period. Rhumbline Advisers owned approximately 0.24% of Hawkins worth $5,419,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Vermillion Wealth Management Inc. bought a new stake in shares of Hawkins during the 4th quarter valued at $34,000. Blue Trust Inc. increased its holdings in Hawkins by 155.4% in the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 216 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Hawkins in the fourth quarter valued at about $53,000. Smartleaf Asset Management LLC boosted its holdings 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 buying an additional 320 shares during the last quarter. Finally, Defined Financial Planning LLC bought a new position in Hawkins during the fourth quarter worth about $205,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Trading Down 1.3%

Shares of NASDAQ:HWKN opened at $133.05 on Friday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 3.80 and a beta of 0.85. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. Hawkins, Inc. has a 12 month low of $84.56 and a 12 month high of $139.55. The company’s fifty day simple moving average is $123.96 and its 200 day simple moving average is $118.43.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. Hawkins had a return on equity of 18.95% and a net margin of 8.60%. The company had revenue of $245.32 million during the quarter, compared to analysts’ expectations of $230.69 million. As a group, research analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.54%. Hawkins’s dividend payout ratio is currently 17.82%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen cut Hawkins from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. CJS Securities assumed coverage on shares of Hawkins in a research note on Tuesday, April 1st. They issued a “market outperform” rating and a $125.00 target price for the company. Finally, BWS Financial reissued a “buy” rating and set a $160.00 price target on shares of Hawkins in a research report on Thursday, May 15th.

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.