Hawkins, Inc. (NASDAQ:HWKN) Position Reduced by MML Investors Services LLC

MML Investors Services LLC trimmed its position in Hawkins, Inc. (NASDAQ:HWKN) by 33.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,350 shares of the specialty chemicals company’s stock after selling 1,159 shares during the period. MML Investors Services LLC’s holdings in Hawkins were worth $300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Hawkins by 22.4% in the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock valued at $32,825,000 after buying an additional 66,109 shares during the period. Aptus Capital Advisors LLC acquired a new stake in Hawkins in the 2nd quarter valued at about $4,741,000. Westwood Holdings Group Inc. boosted its position in shares of Hawkins by 11.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 457,342 shares of the specialty chemicals company’s stock valued at $41,618,000 after purchasing an additional 47,129 shares in the last quarter. FMR LLC grew its stake in shares of Hawkins by 20.9% in the 3rd quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock worth $32,663,000 after purchasing an additional 44,351 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Hawkins in the 3rd quarter worth approximately $5,528,000. 69.71% of the stock is owned by institutional investors.

Hawkins Stock Up 1.9 %

Shares of Hawkins stock opened at $125.67 on Thursday. Hawkins, Inc. has a 12-month low of $54.44 and a 12-month high of $139.55. The firm has a market capitalization of $2.63 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 4.76 and a beta of 0.83. 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 stock’s fifty day moving average is $125.72 and its 200-day moving average is $116.27.

Hawkins (NASDAQ:HWKN) last posted 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 company had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million. Equities analysts anticipate that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, November 15th. Hawkins’s dividend payout ratio is 18.41%.

Analyst Ratings Changes

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

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.