Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by MML Investors Services LLC

MML Investors Services LLC reduced its position in Hawkins, Inc. (NASDAQ:HWKN) by 33.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,350 shares of the specialty chemicals company’s stock after selling 1,159 shares during the quarter. MML Investors Services LLC’s holdings in Hawkins were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ellsworth Advisors LLC lifted its position in shares of Hawkins by 1.2% in the 3rd quarter. Ellsworth Advisors LLC now owns 7,560 shares of the specialty chemicals company’s stock worth $964,000 after buying an additional 89 shares during the last quarter. Arizona State Retirement System lifted its holdings in Hawkins by 1.9% in the second quarter. Arizona State Retirement System now owns 5,571 shares of the specialty chemicals company’s stock worth $507,000 after acquiring an additional 103 shares during the last quarter. Morgan Dempsey Capital Management LLC boosted its stake in Hawkins by 5.1% in the second quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company’s stock valued at $239,000 after acquiring an additional 127 shares during the period. GAMMA Investing LLC grew its holdings in shares of Hawkins by 71.8% during the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 168 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Hawkins by 2.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the specialty chemicals company’s stock worth $874,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a research note on Thursday, October 31st.

Hawkins Trading Up 1.9 %

Shares of NASDAQ:HWKN opened at $125.67 on Thursday. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $125.72 and its 200 day moving average price is $116.27. The company has a market cap of $2.63 billion, a PE ratio of 32.14, a P/E/G ratio of 4.76 and a beta of 0.83. Hawkins, Inc. has a fifty-two week low of $54.44 and a fifty-two week high of $139.55.

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

Hawkins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, November 15th. Hawkins’s dividend payout ratio (DPR) is 18.41%.

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.