American Century Companies Inc. Sells 42,327 Shares of Hawkins, Inc. (NASDAQ:HWKN)

American Century Companies Inc. cut its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 294,024 shares of the specialty chemicals company's stock after selling 42,327 shares during the period. American Century Companies Inc. owned about 1.40% of Hawkins worth $36,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. boosted its stake 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 worth $31,260,000 after purchasing an additional 211,472 shares during the period. Raymond James Financial Inc. bought a new position in shares of Hawkins during the fourth quarter worth $13,087,000. FMR LLC increased its holdings in Hawkins by 20.9% in the 3rd quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company's stock valued at $32,663,000 after acquiring an additional 44,351 shares during the last quarter. State Street Corp increased its holdings in Hawkins by 5.4% in the 3rd quarter. State Street Corp now owns 755,995 shares of the specialty chemicals company's stock valued at $96,367,000 after acquiring an additional 38,877 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in Hawkins by 763.6% in the 4th quarter. Intech Investment Management LLC now owns 36,451 shares of the specialty chemicals company's stock worth $4,471,000 after purchasing an additional 32,230 shares in the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HWKN shares. CJS Securities began coverage on Hawkins in a report on Tuesday. They issued a "market outperform" rating and a $125.00 target price on the stock. BWS Financial reaffirmed a "neutral" rating and issued a $122.00 price objective on shares of Hawkins in a research note on Friday, January 31st.

Hawkins Price Performance

HWKN stock traded up $2.28 during trading on Wednesday, hitting $110.66. 83,200 shares of the company's stock traded hands, compared to its average volume of 123,084. Hawkins, Inc. has a 52 week low of $71.98 and a 52 week high of $139.55. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 3.80 and a beta of 0.77. The business has a fifty day simple moving average of $108.45 and a 200 day simple moving average of $118.53. 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 announced its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 EPS 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%. As a group, research analysts expect that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins's dividend payout ratio is currently 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.