Allspring Global Investments Holdings LLC Lowers Stake in Hawkins, Inc. (NASDAQ:HWKN)

Allspring Global Investments Holdings LLC reduced its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 42.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,002 shares of the specialty chemicals company's stock after selling 43,432 shares during the period. Allspring Global Investments Holdings LLC owned about 0.28% of Hawkins worth $7,394,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Ellsworth Advisors LLC increased its stake in Hawkins by 1.2% in the 3rd quarter. Ellsworth Advisors LLC now owns 7,560 shares of the specialty chemicals company's stock valued at $964,000 after purchasing an additional 89 shares in the last quarter. Arizona State Retirement System increased its position in Hawkins by 1.9% during the second quarter. Arizona State Retirement System now owns 5,571 shares of the specialty chemicals company's stock worth $507,000 after buying an additional 103 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its position in Hawkins by 5.1% during the second quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company's stock worth $239,000 after buying an additional 127 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Hawkins by 3.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,567 shares of the specialty chemicals company's stock worth $351,000 after buying an additional 132 shares in the last quarter. Finally, Anchor Capital Advisors LLC increased its position in Hawkins by 0.6% during the first quarter. Anchor Capital Advisors LLC now owns 22,505 shares of the specialty chemicals company's stock worth $1,728,000 after buying an additional 139 shares in the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Trading Up 0.4 %

Shares of HWKN stock traded up $0.42 during mid-day trading on Monday, hitting $116.92. 104,912 shares of the company's stock were exchanged, compared to its average volume of 127,733. Hawkins, Inc. has a fifty-two week low of $53.64 and a fifty-two week high of $135.61. The stock has a 50-day simple moving average of $123.32 and a two-hundred day simple moving average of $102.85. The company has a quick ratio of 1.44, a current ratio of 2.27 and a debt-to-equity ratio of 0.29. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 4.10 and a beta of 0.74.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The specialty chemicals company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.37. Hawkins had a return on equity of 20.16% and a net margin of 8.75%. The business had revenue of $255.88 million for the quarter, compared to analysts' expectations of $254.30 million. Equities analysts expect that Hawkins, Inc. will post 4.28 EPS for the current fiscal year.

Hawkins Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.18 per share. This is a boost from Hawkins's previous quarterly dividend of $0.16. The ex-dividend date was Friday, August 16th. This represents a $0.72 annualized dividend and a dividend yield of 0.62%. Hawkins's dividend payout ratio (DPR) is 18.70%.

Analyst Ratings Changes

Separately, BWS Financial downgraded Hawkins from a "buy" rating to a "neutral" rating and set a $122.00 price target for the company. in a research report on Wednesday, October 16th.

Hawkins 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.