Quantinno Capital Management LP Cuts Stock Position in Hawkins, Inc. $HWKN

Quantinno Capital Management LP decreased its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 45.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,196 shares of the specialty chemicals company’s stock after selling 9,320 shares during the quarter. Quantinno Capital Management LP owned about 0.05% of Hawkins worth $1,720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HWKN. Kestra Advisory Services LLC purchased a new position in Hawkins in the fourth quarter valued at about $29,000. MBM Wealth Consultants LLC acquired a new stake in shares of Hawkins in the first quarter valued at about $33,000. Sound Income Strategies LLC purchased a new stake in shares of Hawkins during the 4th quarter valued at about $34,000. Simplex Trading LLC lifted its position in Hawkins by 246.0% during the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after acquiring an additional 246 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Hawkins during the 3rd quarter worth approximately $79,000. 69.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HWKN has been the subject of several recent research reports. Barclays set a $142.00 price objective on shares of Hawkins and gave the company an “equal weight” rating in a research report on Friday, July 31st. Zacks Research cut shares of Hawkins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Weiss Ratings downgraded shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. Finally, BWS Financial reaffirmed a “buy” rating and set a $200.00 price target on shares of Hawkins in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $171.00.

Hawkins Price Performance

Shares of NASDAQ HWKN opened at $129.66 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 2.27 and a debt-to-equity ratio of 0.45. Hawkins, Inc. has a fifty-two week low of $117.98 and a fifty-two week high of $186.15. The business has a 50 day moving average price of $144.99 and a two-hundred day moving average price of $148.84. The firm has a market cap of $2.71 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 2.69 and a beta of 0.79.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.04). Hawkins had a net margin of 7.29% and a return on equity of 15.42%. The business had revenue of $315.68 million during the quarter, compared to analyst estimates of $313.42 million. Sell-side analysts expect that Hawkins, Inc. will post 4.04 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, August 14th. Hawkins’s dividend payout ratio is 19.69%.

Hawkins Company Profile

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.