Teacher Retirement System of Texas Sells 1,975 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Teacher Retirement System of Texas reduced its stake in Hawkins, Inc. (NASDAQ:HWKN) by 40.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,904 shares of the specialty chemicals company’s stock after selling 1,975 shares during the period. Teacher Retirement System of Texas’ holdings in Hawkins were worth $308,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in Hawkins by 20.4% in the 1st quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company’s stock worth $56,000 after acquiring an additional 90 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Hawkins by 5.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,023 shares of the specialty chemicals company’s stock worth $248,000 after acquiring an additional 99 shares in the last quarter. Mariner LLC boosted its stake in shares of Hawkins by 7.4% during the fourth quarter. Mariner LLC now owns 1,956 shares of the specialty chemicals company’s stock valued at $240,000 after purchasing an additional 135 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Hawkins by 3.4% during the fourth quarter. Cetera Investment Advisers now owns 5,035 shares of the specialty chemicals company’s stock valued at $618,000 after purchasing an additional 165 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Hawkins by 2.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,327 shares of the specialty chemicals company’s stock valued at $988,000 after acquiring an additional 239 shares during the last quarter. 69.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BWS Financial reissued a “buy” rating and set a $160.00 target price on shares of Hawkins in a research report on Thursday, May 15th. Wall Street Zen cut shares of Hawkins from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Finally, CJS Securities began coverage on shares of Hawkins in a report on Tuesday, April 1st. They issued a “market outperform” rating and a $125.00 price target for the company.

Hawkins Stock Down 1.4%

NASDAQ:HWKN opened at $161.38 on Friday. The firm has a market capitalization of $3.37 billion, a P/E ratio of 39.95, a PEG ratio of 2.73 and a beta of 0.85. Hawkins, Inc. has a 1-year low of $98.30 and a 1-year high of $165.87. The company’s fifty day moving average price is $138.94 and its 200-day moving average price is $121.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.15 and a quick ratio of 1.37.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $245.32 million for the quarter, compared to analyst estimates of $230.69 million. Hawkins had a net margin of 8.66% and a return on equity of 18.93%. As a group, equities research analysts anticipate that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.18 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.45%. Hawkins’s dividend payout ratio (DPR) is 17.82%.

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.