Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp trimmed its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,238 shares of the specialty chemicals company’s stock after selling 800 shares during the period. King Luther Capital Management Corp owned about 0.40% of Hawkins worth $5,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AJOVista LLC acquired a new stake in shares of Hawkins during the 4th quarter worth approximately $26,000. Illinois Municipal Retirement Fund grew its position in Hawkins by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 11,236 shares of the specialty chemicals company’s stock valued at $791,000 after buying an additional 398 shares during the period. Swiss National Bank grew its position in Hawkins by 0.9% during the third quarter. Swiss National Bank now owns 43,988 shares of the specialty chemicals company’s stock valued at $2,589,000 after buying an additional 400 shares during the period. Franklin Resources Inc. increased its holdings in Hawkins by 3.2% in the fourth quarter. Franklin Resources Inc. now owns 13,024 shares of the specialty chemicals company’s stock valued at $917,000 after buying an additional 400 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of Hawkins by 12.2% in the fourth quarter. Raymond James & Associates now owns 4,895 shares of the specialty chemicals company’s stock worth $345,000 after acquiring an additional 534 shares during the period. 69.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on HWKN. BWS Financial increased their target price on shares of Hawkins from $74.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. StockNews.com lowered shares of Hawkins from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

Hawkins Price Performance

Hawkins stock traded down $0.91 during midday trading on Thursday, reaching $86.77. The company had a trading volume of 4,563 shares, compared to its average volume of 133,591. The company has a market capitalization of $1.81 billion, a P/E ratio of 24.42 and a beta of 0.76. Hawkins, Inc. has a 12-month low of $45.37 and a 12-month high of $89.77. The firm’s fifty day simple moving average is $77.45 and its 200-day simple moving average is $70.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.96 and a quick ratio of 1.24.

Hawkins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.16 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.64 dividend on an annualized basis and a yield of 0.74%. Hawkins’s payout ratio is 17.83%.

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.