Hawkins, Inc. (NASDAQ:HWKN) Holdings Decreased by Martingale Asset Management L P

Martingale Asset Management L P cut its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 47.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,412 shares of the specialty chemicals company’s stock after selling 11,056 shares during the period. Martingale Asset Management L P’s holdings in Hawkins were worth $1,523,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HWKN. State Street Corp raised its stake in Hawkins by 5.4% during the 3rd quarter. State Street Corp now owns 755,995 shares of the specialty chemicals company’s stock valued at $96,367,000 after purchasing an additional 38,877 shares during the last quarter. Jane Street Group LLC increased its position in Hawkins by 127.3% in the 3rd quarter. Jane Street Group LLC now owns 47,432 shares of the specialty chemicals company’s stock valued at $6,046,000 after acquiring an additional 26,568 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Hawkins by 6.4% in the third quarter. XTX Topco Ltd now owns 5,150 shares of the specialty chemicals company’s stock worth $656,000 after acquiring an additional 311 shares during the last quarter. Barclays PLC lifted its position in shares of Hawkins by 180.1% during the third quarter. Barclays PLC now owns 39,728 shares of the specialty chemicals company’s stock worth $5,064,000 after purchasing an additional 25,545 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in shares of Hawkins in the third quarter valued at approximately $524,000. Institutional investors and hedge funds own 69.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. CJS Securities started coverage on shares of Hawkins in a report on Tuesday, April 1st. They issued a “market outperform” rating and a $125.00 price objective on the stock. BWS Financial reaffirmed a “neutral” rating and issued a $122.00 target price on shares of Hawkins in a research note on Friday, January 31st.

Hawkins Stock Performance

Shares of HWKN opened at $114.78 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $107.57 and a 200 day simple moving average of $117.81. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 3.80 and a beta of 0.82. Hawkins, Inc. has a 12 month low of $71.98 and a 12 month high of $139.55.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. Research analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.63%. Hawkins’s dividend payout ratio (DPR) is currently 18.37%.

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.