Illinois Municipal Retirement Fund Lowers Stock Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Illinois Municipal Retirement Fund lessened its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,925 shares of the specialty chemicals company’s stock after selling 1,006 shares during the period. Illinois Municipal Retirement Fund’s holdings in Hawkins were worth $1,218,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC lifted its position in shares of Hawkins by 8,633.3% in the 3rd quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 259 shares during the period. Blue Trust Inc. increased its stake in Hawkins by 155.4% during the 4th 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 in the last quarter. Farther Finance Advisors LLC increased its stake in Hawkins by 289.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 347 shares in the last quarter. TD Private Client Wealth LLC increased its stake in Hawkins by 242.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 325 shares in the last quarter. Finally, KBC Group NV increased its stake in Hawkins by 37.0% during the 4th quarter. KBC Group NV now owns 948 shares of the specialty chemicals company’s stock valued at $116,000 after purchasing an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “neutral” rating and set a $122.00 price target on shares of Hawkins in a research note on Friday, January 31st.

Hawkins Trading Up 0.9 %

Shares of Hawkins stock opened at $104.99 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. Hawkins, Inc. has a 12-month low of $68.43 and a 12-month high of $139.55. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.80 and a beta of 0.82. The firm’s 50 day simple moving average is $114.43 and its two-hundred day simple moving average is $120.91.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (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%. Analysts predict that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.18 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.69%. Hawkins’s payout ratio is currently 18.37%.

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.