Geode Capital Management LLC Has $56.07 Million Stake in Hawkins, Inc. (NASDAQ:HWKN)

Geode Capital Management LLC lessened its stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 12.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 456,954 shares of the specialty chemicals company's stock after selling 66,560 shares during the period. Geode Capital Management LLC owned 2.18% of Hawkins worth $56,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HWKN. Vaughan Nelson Investment Management L.P. increased its holdings in shares of 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 valued at $31,260,000 after purchasing an additional 211,472 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Hawkins in the fourth quarter valued at about $13,087,000. JPMorgan Chase & Co. boosted its stake in shares of Hawkins by 61.9% during the 4th quarter. JPMorgan Chase & Co. now owns 149,616 shares of the specialty chemicals company's stock worth $18,353,000 after acquiring an additional 57,179 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Hawkins in the 4th quarter worth approximately $5,850,000. Finally, State Street Corp increased its stake 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 purchasing an additional 38,877 shares in the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BWS Financial raised shares of Hawkins from a "neutral" rating to a "buy" rating and set a $160.00 price target on the stock in a report on Monday. CJS Securities started coverage on Hawkins in a report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price target for the company.

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Hawkins Stock Down 1.7 %

Shares of HWKN traded down $2.08 during trading on Tuesday, reaching $121.75. The company's stock had a trading volume of 113,708 shares, compared to its average volume of 123,896. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 3.80 and a beta of 0.82. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $107.92 and a two-hundred day moving average of $117.78. Hawkins, Inc. has a twelve month low of $71.98 and a twelve month high of $139.55.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly 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%. On average, sell-side analysts predict that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.72 annualized dividend and a yield of 0.59%. Hawkins's dividend payout ratio is currently 18.37%.

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.