Allspring Global Investments Holdings LLC Lowers Stake in Hawkins, Inc. (NASDAQ:HWKN)

Allspring Global Investments Holdings LLC trimmed its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 27.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 101,781 shares of the specialty chemicals company’s stock after selling 38,251 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hawkins were worth $7,167,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB acquired a new stake in Hawkins in the fourth quarter worth about $3,402,000. Lazard Asset Management LLC raised its holdings in shares of Hawkins by 200.3% in the third quarter. Lazard Asset Management LLC now owns 21,929 shares of the specialty chemicals company’s stock worth $1,290,000 after buying an additional 14,626 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Hawkins during the third quarter worth $557,000. Illinois Municipal Retirement Fund purchased a new stake in shares of Hawkins during the third quarter valued at $638,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Hawkins by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,193 shares of the specialty chemicals company’s stock valued at $13,723,000 after acquiring an additional 5,396 shares during the period. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut Hawkins from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

Hawkins Price Performance

Shares of NASDAQ HWKN opened at $74.74 on Thursday. Hawkins, Inc. has a 52 week low of $39.20 and a 52 week high of $79.30. The company has a quick ratio of 1.58, a current ratio of 2.45 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.57 billion, a P/E ratio of 21.48 and a beta of 0.75. The business’s 50 day moving average price is $72.45 and its 200 day moving average price is $66.55.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, January 31st. The specialty chemicals company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.61 by $0.10. The business had revenue of $208.50 million for the quarter, compared to the consensus estimate of $221.24 million. Hawkins had a net margin of 7.91% and a return on equity of 19.54%. On average, sell-side analysts expect that Hawkins, Inc. will post 3.61 earnings per share for the current year.

Hawkins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.86%. The ex-dividend date was Thursday, February 15th. Hawkins’s dividend payout ratio is currently 18.39%.

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.