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

Allspring Global Investments Holdings LLC lowered its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 27.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 101,781 shares of the specialty chemicals company’s stock after selling 38,251 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.49% of Hawkins worth $7,167,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP bought a new position in shares of Hawkins during the first quarter valued at approximately $17,272,000. Pacer Advisors Inc. purchased a new stake in shares of Hawkins in the 4th quarter worth about $27,098,000. Morgan Stanley boosted its stake in shares of Hawkins by 122.1% during the 4th quarter. Morgan Stanley now owns 322,493 shares of the specialty chemicals company’s stock valued at $12,448,000 after purchasing an additional 177,318 shares in the last quarter. Eaton Vance Management increased its position in shares of Hawkins by 26,066.9% during the first quarter. Eaton Vance Management now owns 167,730 shares of the specialty chemicals company’s stock valued at $7,699,000 after buying an additional 167,089 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Hawkins by 284.9% in the third quarter. Assenagon Asset Management S.A. now owns 138,493 shares of the specialty chemicals company’s stock worth $8,150,000 after buying an additional 102,508 shares in the last quarter. 69.71% of the stock is currently owned by institutional investors.

Hawkins Stock Performance

Shares of Hawkins stock opened at $74.74 on Thursday. Hawkins, Inc. has a 12 month low of $39.20 and a 12 month high of $79.30. The firm has a market capitalization of $1.57 billion, a P/E ratio of 21.48 and a beta of 0.75. The company has a current ratio of 2.45, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $72.45 and a two-hundred day simple moving average of $66.55.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. Hawkins had a net margin of 7.91% and a return on equity of 19.54%. The company had revenue of $208.50 million during the quarter, compared to analysts’ expectations of $221.24 million. On average, equities analysts forecast that Hawkins, Inc. will post 3.61 earnings per share for the current fiscal year.

Hawkins Announces Dividend

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

Analysts Set New Price Targets

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

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.