Allspring Global Investments Holdings LLC Sells 13,701 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Allspring Global Investments Holdings LLC lessened its position in Hawkins, Inc. (NASDAQ:HWKN) by 23.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,301 shares of the specialty chemicals company’s stock after selling 13,701 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.21% of Hawkins worth $5,341,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Focus Financial Network Inc. bought a new position in Hawkins during the fourth quarter worth about $259,000. Vaughan Nelson Investment Management L.P. lifted its position in Hawkins by 487.7% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 254,837 shares of the specialty chemicals company’s stock valued at $31,260,000 after acquiring an additional 211,472 shares in the last quarter. Caitlin John LLC lifted its holdings in shares of Hawkins by 3.0% in the fourth quarter. Caitlin John LLC now owns 11,260 shares of the specialty chemicals company’s stock valued at $1,381,000 after purchasing an additional 330 shares in the last quarter. Yorktown Management & Research Co Inc bought a new stake in shares of Hawkins in the fourth quarter valued at about $632,000. Finally, Longboard Asset Management LP bought a new stake in Hawkins in the 4th quarter valued at approximately $212,000. 69.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Hawkins Trading Down 0.7 %

Shares of Hawkins stock opened at $110.75 on Thursday. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $117.26 and its 200-day moving average is $121.49. Hawkins, Inc. has a 12-month low of $67.52 and a 12-month high of $139.55. The stock has a market cap of $2.32 billion, a P/E ratio of 28.25, a P/E/G ratio of 3.95 and a beta of 0.82.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. Equities research analysts predict that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Friday, February 14th. Hawkins’s payout ratio is presently 18.37%.

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.