Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC trimmed its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 16.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,010 shares of the specialty chemicals company’s stock after selling 613 shares during the quarter. Gallacher Capital Management LLC’s holdings in Hawkins were worth $369,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Jane Street Group LLC increased its holdings in shares of 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 during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Hawkins in the 3rd quarter valued at $2,021,000. Natixis Advisors LLC acquired a new position in shares of Hawkins in the 3rd quarter valued at $2,495,000. Victory Capital Management Inc. increased its holdings in shares of Hawkins by 26.9% in 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 acquiring an additional 23,940 shares during the period. Finally, FMR LLC increased its holdings in shares of Hawkins by 20.9% in the 3rd quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock valued at $32,663,000 after acquiring an additional 44,351 shares during the period. 69.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “neutral” rating and issued a $122.00 price objective on shares of Hawkins in a research report on Friday, January 31st.

Hawkins Stock Performance

NASDAQ:HWKN opened at $108.00 on Friday. The firm’s fifty day moving average price is $110.41 and its 200 day moving average price is $119.70. Hawkins, Inc. has a 1-year low of $71.20 and a 1-year high of $139.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share 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%. On average, sell-side analysts expect that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 0.67%. 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.