UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Holdings in Hawkins, Inc. $HWKN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 13.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,730 shares of the specialty chemicals company’s stock after selling 6,327 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Hawkins worth $5,646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of HWKN. Kestra Advisory Services LLC purchased a new stake in shares of Hawkins in the 4th quarter worth $29,000. MBM Wealth Consultants LLC purchased a new position in shares of Hawkins during the first quarter valued at $33,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Hawkins in the second quarter valued at about $37,000. Simplex Trading LLC raised its holdings in shares of Hawkins by 246.0% in the fourth quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock valued at $49,000 after acquiring an additional 246 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Hawkins in the third quarter worth about $79,000. 69.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Weiss Ratings cut shares of Hawkins from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 27th. Zacks Research cut shares of Hawkins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Barclays set a $142.00 price objective on shares of Hawkins and gave the company an “equal weight” rating in a research note on Friday, July 31st. Finally, BWS Financial reissued a “buy” rating and set a $200.00 price objective on shares of Hawkins in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hawkins presently has an average rating of “Hold” and an average target price of $171.00.

Hawkins Trading Down 1.6%

NASDAQ:HWKN opened at $127.00 on Wednesday. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.63 and a beta of 0.77. Hawkins, Inc. has a 52 week low of $116.04 and a 52 week high of $186.15. The company has a quick ratio of 1.54, a current ratio of 2.27 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $131.78 and a 200 day moving average of $146.29.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.04). The business had revenue of $315.68 million for the quarter, compared to analyst estimates of $313.42 million. Hawkins had a return on equity of 15.42% and a net margin of 7.29%. As a group, sell-side analysts anticipate that Hawkins, Inc. will post 4.1 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 14th. Hawkins’s dividend payout ratio is currently 20.73%.

Insider Transactions at Hawkins

In other Hawkins news, VP Douglas Lange purchased 910 shares of the stock in a transaction on Tuesday, August 25th. The stock was acquired at an average price of $118.75 per share, with a total value of $108,062.50. Following the completion of the acquisition, the vice president owned 28,169 shares in the company, valued at $3,345,068.75. The trade was a 3.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey P. Oldenkamp purchased 1,290 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were acquired at an average price of $119.00 per share, for a total transaction of $153,510.00. Following the purchase, the chief financial officer directly owned 104,223 shares of the company’s stock, valued at approximately $12,402,537. The trade was a 1.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.70% of the company’s stock.

About Hawkins

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.