Loomis Sayles & Co. L P Sells 3,204 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Loomis Sayles & Co. L P lowered its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 owned approximately 0.37% of Hawkins worth $9,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Larson Financial Group LLC increased its holdings in Hawkins by 8,633.3% during the third quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 259 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Hawkins by 71.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 168 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Hawkins by 289.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 347 shares in the last quarter. SG Americas Securities LLC bought a new position in Hawkins in the 3rd quarter worth $100,000. Finally, USA Financial Formulas lifted its position in Hawkins by 35.1% during the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 69.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Hawkins Price Performance

Shares of NASDAQ:HWKN opened at $133.39 on Thursday. The company has a market capitalization of $2.79 billion, a P/E ratio of 34.12, a P/E/G ratio of 4.70 and a beta of 0.77. Hawkins, Inc. has a 1-year low of $54.44 and a 1-year high of $138.86. The firm’s 50 day simple moving average is $123.88 and its two-hundred day simple moving average is $109.84. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). The firm had revenue of $247.03 million for the quarter, compared to analysts’ expectations of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. Research analysts expect that Hawkins, Inc. will post 4.12 EPS for the current fiscal year.

Hawkins Dividend Announcement

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

About Hawkins

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.