Hawkins, Inc. $HWKN Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP reduced its position in Hawkins, Inc. (NASDAQ:HWKN) by 45.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 11,196 shares of the specialty chemicals company’s stock after selling 9,320 shares during the period. Quantinno Capital Management LP’s holdings in Hawkins were worth $1,720,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in shares of Hawkins in the 4th quarter worth approximately $29,000. MBM Wealth Consultants LLC acquired a new stake in shares of Hawkins during the 1st quarter valued at approximately $33,000. Sound Income Strategies LLC acquired a new stake in shares of Hawkins during the 4th quarter valued at approximately $34,000. Simplex Trading LLC lifted its stake in Hawkins by 246.0% during the fourth quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after purchasing an additional 246 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Hawkins during the third quarter worth $79,000. Institutional investors own 69.71% of the company’s stock.

Hawkins Trading Down 0.8%

NASDAQ:HWKN opened at $129.66 on Wednesday. The firm has a market capitalization of $2.71 billion, a P/E ratio of 33.59, a P/E/G ratio of 2.69 and a beta of 0.79. The business has a 50 day simple moving average of $144.99 and a 200 day simple moving average of $148.84. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.27 and a quick ratio of 1.54. Hawkins, Inc. has a 12-month low of $117.98 and a 12-month high of $186.15.

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

Hawkins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th. Hawkins’s dividend payout ratio (DPR) is 19.69%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Barclays set a $142.00 target price on shares of Hawkins and gave the company an “equal weight” rating in a research note on Friday, July 31st. Weiss Ratings lowered shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. Zacks Research downgraded shares of Hawkins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Finally, BWS Financial reiterated a “buy” rating and set a $200.00 price objective on shares of Hawkins in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $171.00.

About Hawkins

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.