Foundry Partners LLC Sells 11,735 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Foundry Partners LLC lowered its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 18.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 51,924 shares of the specialty chemicals company’s stock after selling 11,735 shares during the period. Foundry Partners LLC’s holdings in Hawkins were worth $3,656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HWKN. Centerpoint Advisors LLC bought a new stake in shares of Hawkins in the 3rd quarter valued at about $29,000. Panagora Asset Management Inc. acquired a new stake in Hawkins in the third quarter valued at approximately $203,000. First Interstate Bank acquired a new stake in Hawkins in the fourth quarter valued at approximately $211,000. Quantbot Technologies LP purchased a new position in Hawkins in the third quarter worth $214,000. Finally, Mutual of America Capital Management LLC purchased a new position in Hawkins in the fourth quarter worth $233,000. Institutional investors own 69.71% of the company’s stock.

Hawkins Price Performance

Shares of HWKN stock opened at $75.96 on Tuesday. Hawkins, Inc. has a fifty-two week low of $39.20 and a fifty-two week high of $79.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.45. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 21.83 and a beta of 0.75. The stock’s 50-day simple moving average is $73.16 and its 200-day simple moving average is $66.94.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The company had revenue of $208.50 million during the quarter, compared to analysts’ expectations of $221.24 million. Hawkins had a net margin of 7.91% and a return on equity of 19.54%. As a group, equities analysts forecast that Hawkins, Inc. will post 3.61 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.64 annualized dividend and a dividend yield of 0.84%. Hawkins’s payout ratio is currently 18.39%.

Analyst Ratings Changes

Separately, StockNews.com lowered Hawkins from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

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.