UBS Group AG increased its position in shares of Hawkins, Inc. (NASDAQ:HWKN – Get Rating) by 14.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,729 shares of the specialty chemicals company’s stock after buying an additional 7,492 shares during the quarter. UBS Group AG owned about 0.28% of Hawkins worth $2,306,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in HWKN. Lazard Asset Management LLC raised its stake in Hawkins by 1,196.5% during the 3rd quarter. Lazard Asset Management LLC now owns 1,115 shares of the specialty chemicals company’s stock worth $43,000 after buying an additional 1,029 shares during the period. Captrust Financial Advisors raised its position in shares of Hawkins by 66.6% in the first quarter. Captrust Financial Advisors now owns 1,566 shares of the specialty chemicals company’s stock worth $72,000 after buying an additional 626 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Hawkins by 17.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,520 shares of the specialty chemicals company’s stock valued at $98,000 after purchasing an additional 369 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Hawkins by 19.2% during the third quarter. Mutual of America Capital Management LLC now owns 3,762 shares of the specialty chemicals company’s stock valued at $147,000 after purchasing an additional 606 shares in the last quarter. Finally, Arizona State Retirement System purchased a new stake in Hawkins during the third quarter valued at about $201,000. 59.66% of the stock is owned by institutional investors and hedge funds.
Hawkins Stock Up 5.0 %
HWKN opened at $49.96 on Monday. The company has a market cap of $1.05 billion, a P/E ratio of 17.47 and a beta of 0.83. The business’s 50-day moving average price is $43.43 and its 200-day moving average price is $41.40. The company has a current ratio of 2.55, a quick ratio of 1.58 and a debt-to-equity ratio of 0.29. Hawkins, Inc. has a 12 month low of $33.31 and a 12 month high of $51.73.
Hawkins Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.20%. Hawkins’s payout ratio is presently 20.98%.
Analyst Ratings Changes
Separately, StockNews.com downgraded Hawkins from a “buy” rating to a “hold” rating in a report on Saturday, May 27th.
Hawkins Profile
Hawkins, Inc engages in the distribution, blending, and manufacture of chemicals and specialty ingredients for a wide variety of industries. It operates through the following segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment provides industrial chemicals, products, and services to the agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.