Hawkins, Inc. (NASDAQ:HWKN) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC increased its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 523,514 shares of the specialty chemicals company's stock after acquiring an additional 18,119 shares during the period. Geode Capital Management LLC owned approximately 2.50% of Hawkins worth $66,743,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HWKN. American Century Companies Inc. grew its stake in shares of Hawkins by 22.4% in the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company's stock worth $32,825,000 after purchasing an additional 66,109 shares in the last quarter. Aptus Capital Advisors LLC bought a new position in Hawkins in the 2nd quarter valued at about $4,741,000. Westwood Holdings Group Inc. increased its stake in Hawkins by 11.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 457,342 shares of the specialty chemicals company's stock valued at $41,618,000 after buying an additional 47,129 shares during the period. FMR LLC raised its position in shares of Hawkins by 20.9% during the 3rd quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company's stock worth $32,663,000 after buying an additional 44,351 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Hawkins in the 3rd quarter worth approximately $5,528,000. 69.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, BWS Financial reissued a "neutral" rating and set a $122.00 target price on shares of Hawkins in a report on Thursday, October 31st.

Hawkins Price Performance

Shares of Hawkins stock traded up $4.55 during trading on Friday, hitting $123.98. The stock had a trading volume of 442,149 shares, compared to its average volume of 127,399. The business has a fifty day moving average of $126.17 and a two-hundred day moving average of $115.48. The firm has a market cap of $2.59 billion, a P/E ratio of 31.71, a PEG ratio of 4.76 and a beta of 0.83. Hawkins, Inc. has a fifty-two week low of $54.44 and a fifty-two week high of $139.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). The business had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. On average, sell-side analysts expect that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.18 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.72 annualized dividend and a yield of 0.58%. Hawkins's dividend payout ratio (DPR) is 18.41%.

About Hawkins

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.