Ritholtz Wealth Management Cuts Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Ritholtz Wealth Management decreased its stake in Hawkins, Inc. (NASDAQ:HWKN) by 22.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,873 shares of the specialty chemicals company’s stock after selling 809 shares during the period. Ritholtz Wealth Management’s holdings in Hawkins were worth $352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Jane Street Group LLC increased its stake in Hawkins by 127.3% in the third 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 during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of Hawkins in the 3rd quarter worth about $2,021,000. Public Sector Pension Investment Board increased its position in shares of Hawkins by 6.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 41,857 shares of the specialty chemicals company’s stock valued at $3,809,000 after purchasing an additional 2,599 shares during the last quarter. Natixis Advisors LLC purchased a new position in shares of Hawkins during the 3rd quarter valued at about $2,495,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Hawkins by 26.9% during the 3rd quarter. Victory Capital Management Inc. now owns 112,966 shares of the specialty chemicals company’s stock valued at $14,400,000 after buying an additional 23,940 shares in the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “neutral” rating and set a $122.00 price target on shares of Hawkins in a research report on Thursday, October 31st.

Hawkins Stock Performance

Hawkins stock opened at $115.89 on Wednesday. The firm has a fifty day simple moving average of $125.18 and a two-hundred day simple moving average of $120.30. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. Hawkins, Inc. has a twelve month low of $54.44 and a twelve month high of $139.55. The company has a market capitalization of $2.42 billion, a PE ratio of 29.64, a P/E/G ratio of 3.97 and a beta of 0.84.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). Hawkins had a net margin of 8.74% and a return on equity of 19.64%. The company had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Research analysts expect that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, November 15th. Hawkins’s dividend payout ratio (DPR) is presently 18.41%.

Hawkins 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.