Allspring Global Investments Holdings LLC Has $5.34 Million Stock Holdings in Hawkins, Inc. (NASDAQ:HWKN)

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

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Focus Financial Network Inc. acquired a new position in shares of Hawkins in the fourth quarter valued at approximately $259,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Hawkins by 487.7% in the fourth 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 position 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 acquiring an additional 330 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new position in Hawkins during the fourth quarter worth about $632,000. Finally, Longboard Asset Management LP purchased a new position in Hawkins during the fourth quarter worth about $212,000. Hedge funds and other institutional investors own 69.71% of the company's stock.

Hawkins Price Performance

Shares of HWKN stock traded down $2.54 during mid-day trading on Friday, hitting $103.72. 43,701 shares of the stock traded hands, compared to its average volume of 154,469. Hawkins, Inc. has a twelve month low of $67.85 and a twelve month high of $139.55. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 3.96 and a beta of 0.82. The company's 50-day simple moving average is $116.73 and its 200-day simple moving average is $121.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. As a group, equities research analysts expect that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.18 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.69%. Hawkins's payout ratio is presently 18.37%.

Wall Street Analyst Weigh In

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

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.