Johnson Investment Counsel Inc. Sells 6,675 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Johnson Investment Counsel Inc. cut its stake in Hawkins, Inc. (NASDAQ:HWKN) by 21.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,050 shares of the specialty chemicals company’s stock after selling 6,675 shares during the quarter. Johnson Investment Counsel Inc. owned 0.11% of Hawkins worth $2,950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC increased its stake 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 valued at $33,000 after acquiring an additional 259 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Hawkins by 155.4% in the 4th quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 216 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Hawkins by 262.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company’s stock valued at $55,000 after acquiring an additional 320 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Hawkins by 289.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 347 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its position in shares of Hawkins by 242.5% in 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 during the period. 69.71% of the stock is owned by institutional investors.

Hawkins Price Performance

Shares of HWKN opened at $105.88 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50. The stock has a 50 day simple moving average of $111.42 and a 200 day simple moving average of $120.08. Hawkins, Inc. has a 52-week low of $70.85 and a 52-week high of $139.55. The firm has a market capitalization of $2.22 billion, a PE ratio of 27.01, a P/E/G ratio of 3.80 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. Sell-side analysts predict that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Dividend Announcement

The company also recently declared 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. This represents a $0.72 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, February 14th. Hawkins’s dividend payout ratio (DPR) is currently 18.37%.

Wall Street Analyst Weigh In

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 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.