Loomis Sayles & Co. L P Cuts Position in Hawkins, Inc. (NASDAQ:HWKN)

Loomis Sayles & Co. L P decreased its position in Hawkins, Inc. (NASDAQ:HWKN) by 4.0% during the third quarter, HoldingsChannel.com reports. The fund owned 77,139 shares of the specialty chemicals company’s stock after selling 3,204 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Hawkins were worth $9,833,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC grew its holdings in shares of Hawkins by 3.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,567 shares of the specialty chemicals company’s stock valued at $351,000 after purchasing an additional 132 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Hawkins by 33.8% in the 1st quarter. Lazard Asset Management LLC now owns 22,873 shares of the specialty chemicals company’s stock worth $1,755,000 after buying an additional 5,783 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Hawkins by 1.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,985 shares of the specialty chemicals company’s stock worth $4,070,000 after buying an additional 693 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Hawkins by 7,343.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 22,555 shares of the specialty chemicals company’s stock valued at $1,732,000 after buying an additional 22,252 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Hawkins by 21.6% in the 1st quarter. Janus Henderson Group PLC now owns 43,243 shares of the specialty chemicals company’s stock valued at $3,320,000 after acquiring an additional 7,683 shares during the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Stock Down 2.9 %

Shares of HWKN opened at $133.39 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 business has a fifty day moving average of $123.88 and a 200 day moving average of $109.84. The company has a market cap of $2.79 billion, a PE ratio of 34.12, a P/E/G ratio of 4.70 and a beta of 0.77. Hawkins, Inc. has a 52-week low of $54.44 and a 52-week high of $138.86.

Hawkins (NASDAQ:HWKN) last released its earnings results 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). The firm had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. On average, sell-side analysts expect that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.54%. Hawkins’s dividend payout ratio (DPR) is presently 18.41%.

Analyst Upgrades and Downgrades

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

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.