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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 11.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,378 shares of the specialty chemicals company's stock after acquiring an additional 4,861 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Hawkins worth $5,935,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of Hawkins by 155.4% in the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock worth $44,000 after purchasing an additional 216 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Hawkins in the 4th quarter worth $53,000. Smartleaf Asset Management LLC lifted its stake in Hawkins by 262.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock valued at $55,000 after acquiring an additional 320 shares during the period. KBC Group NV grew its position in shares of Hawkins by 37.0% during the 4th quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock valued at $116,000 after acquiring an additional 256 shares during the period. Finally, Defined Financial Planning LLC acquired a new position in Hawkins in the 4th quarter valued at $205,000. Hedge funds and other institutional investors own 69.71% of the company's stock.

Wall Street Analysts Forecast Growth

HWKN has been the subject of several recent analyst reports. Wall Street Zen cut Hawkins from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. BWS Financial reissued a "buy" rating and set a $160.00 target price on shares of Hawkins in a research report on Thursday, May 15th. Finally, CJS Securities started coverage on Hawkins in a research note on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 target price on the stock.

Hawkins Stock Up 1.4%

HWKN traded up $1.90 during trading on Thursday, reaching $135.54. The company had a trading volume of 57,062 shares, compared to its average volume of 125,007. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53. The business's fifty day moving average price is $120.63 and its 200 day moving average price is $118.15. The company has a market cap of $2.82 billion, a P/E ratio of 34.49, a PEG ratio of 3.80 and a beta of 0.85. Hawkins, Inc. has a 12 month low of $83.88 and a 12 month high of $139.55.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its earnings results on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. Hawkins had a net margin of 8.60% and a return on equity of 18.95%. The business had revenue of $245.32 million for the quarter, compared to analyst estimates of $230.69 million. Equities analysts anticipate that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Friday, May 30th. Hawkins's dividend payout ratio is currently 17.82%.

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.