UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stake in Hawkins, Inc. (NASDAQ:HWKN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,517 shares of the specialty chemicals company’s stock after selling 1,750 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Hawkins worth $5,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings 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 worth $33,000 after purchasing an additional 259 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Hawkins by 71.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 168 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings 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 worth $59,000 after purchasing an additional 347 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Hawkins in the 3rd quarter worth about $100,000. Finally, USA Financial Formulas boosted its holdings in shares of Hawkins by 35.1% in the 3rd quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock worth $113,000 after purchasing an additional 230 shares in the last quarter. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Hawkins Trading Down 1.3 %

Shares of HWKN stock opened at $132.52 on Wednesday. The stock has a market capitalization of $2.77 billion, a PE ratio of 33.89, a P/E/G ratio of 4.69 and a beta of 0.83. Hawkins, Inc. has a 1-year low of $54.44 and a 1-year high of $138.86. The business has a 50-day moving average of $126.28 and a 200 day moving average of $113.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39.

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

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.54%. The ex-dividend date was Friday, November 15th. Hawkins’s dividend payout ratio 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.