Prudential Financial Inc. Decreases Position in Hawkins, Inc. (HWKN)

Prudential Financial Inc. trimmed its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 21,916 shares of the specialty chemicals company’s stock after selling 3,120 shares during the quarter. Prudential Financial Inc. owned about 0.21% of Hawkins worth $894,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Acrospire Investment Management LLC purchased a new stake in Hawkins during the 2nd quarter valued at about $107,000. BNP Paribas Arbitrage SA grew its position in Hawkins by 61.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,789 shares of the specialty chemicals company’s stock valued at $129,000 after purchasing an additional 1,057 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in Hawkins by 2.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the specialty chemicals company’s stock valued at $185,000 after purchasing an additional 80 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Hawkins during the 2nd quarter valued at about $202,000. Finally, PDT Partners LLC grew its position in Hawkins by 2.0% during the 2nd quarter. PDT Partners LLC now owns 4,385 shares of the specialty chemicals company’s stock valued at $203,000 after purchasing an additional 85 shares during the last quarter. 59.30% of the stock is currently owned by institutional investors.

Shares of Hawkins, Inc. (NASDAQ:HWKN) opened at $36.15 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.26 and a current ratio of 2.52. The stock has a market cap of $395.61, a PE ratio of 20.84 and a beta of 0.73. Hawkins, Inc. has a 1-year low of $34.20 and a 1-year high of $54.80.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter. The firm had revenue of $125.40 million for the quarter. Hawkins had a net margin of 3.84% and a return on equity of 8.49%.

Separately, TheStreet downgraded shares of Hawkins from a “b” rating to a “c+” rating in a research report on Tuesday, August 15th.

In related news, Director Jeffrey L. Wright purchased 3,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of $34.47 per share, with a total value of $103,410.00. Following the acquisition, the director now directly owns 14,356 shares in the company, valued at approximately $494,851.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.

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About Hawkins

Hawkins, Inc distributes, blends and manufactures chemicals and specialty ingredients for its customers in a range of industries. The Company conducts its business in three segments: Industrial, Water Treatment, and Health and Nutrition. Its Industrial segment is engaged in providing industrial chemicals, products and services to various industries, such as agriculture, chemical processing, electronics and energy.

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Institutional Ownership by Quarter for Hawkins (NASDAQ:HWKN)

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