Loomis Sayles & Co. L P Sells 12,389 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Loomis Sayles & Co. L P lessened its position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,750 shares of the specialty chemicals company's stock after selling 12,389 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.31% of Hawkins worth $7,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Hawkins by 61.9% in the 4th quarter. JPMorgan Chase & Co. now owns 149,616 shares of the specialty chemicals company's stock valued at $18,353,000 after buying an additional 57,179 shares during the period. Montanaro Asset Management Ltd bought a new position in shares of Hawkins during the 4th quarter worth approximately $1,840,000. EFG Asset Management North America Corp. boosted its stake in Hawkins by 89.7% in the 4th quarter. EFG Asset Management North America Corp. now owns 33,886 shares of the specialty chemicals company's stock valued at $4,153,000 after buying an additional 16,026 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Hawkins in the fourth quarter valued at $5,850,000. Finally, Cannon Global Investment Management LLC acquired a new position in Hawkins during the fourth quarter worth $282,000. 69.71% of the stock is currently owned by institutional investors.

Hawkins Price Performance

Shares of NASDAQ:HWKN traded down $5.18 during midday trading on Thursday, reaching $105.48. The company's stock had a trading volume of 31,670 shares, compared to its average volume of 132,995. The business's fifty day simple moving average is $108.45 and its 200-day simple moving average is $118.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53. Hawkins, Inc. has a fifty-two week low of $71.98 and a fifty-two week high of $139.55. The company has a market capitalization of $2.21 billion, a P/E ratio of 26.91, a P/E/G ratio of 3.80 and a beta of 0.77.

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Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly earnings data 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 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 EPS for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.68%. The ex-dividend date was Friday, February 14th. Hawkins's dividend payout ratio (DPR) is presently 18.37%.

Analysts Set New Price Targets

HWKN has been the topic of several analyst reports. CJS Securities initiated coverage on shares of Hawkins in a report on Tuesday. They issued a "market outperform" rating and a $125.00 target price on the stock. BWS Financial reissued a "neutral" rating and issued a $122.00 target price on shares of Hawkins in a report on Friday, January 31st.

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.