Principal Financial Group Inc. Grows Stake in Hawkins, Inc. (NASDAQ:HWKN)

Principal Financial Group Inc. boosted its position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,420 shares of the specialty chemicals company's stock after acquiring an additional 3,436 shares during the period. Principal Financial Group Inc. owned 0.48% of Hawkins worth $12,196,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HWKN. 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. FMR LLC boosted its position in shares of Hawkins by 20.9% during the third quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company's stock worth $32,663,000 after acquiring an additional 44,351 shares during the last quarter. State Street Corp boosted its holdings in shares of Hawkins by 5.4% during 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 during the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of Hawkins during the third quarter valued at about $4,016,000. Finally, Jane Street Group LLC increased its holdings in shares of Hawkins by 127.3% in the third quarter. Jane Street Group LLC now owns 47,432 shares of the specialty chemicals company's stock worth $6,046,000 after purchasing an additional 26,568 shares during the last quarter. Hedge funds and other institutional investors own 69.71% of the company's stock.

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Hawkins Price Performance

HWKN stock traded down $3.80 during trading on Monday, hitting $101.19. 88,172 shares of the company's stock traded hands, compared to its average volume of 148,972. Hawkins, Inc. has a 52 week low of $68.87 and a 52 week high of $139.55. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 25.79, a P/E/G ratio of 3.80 and a beta of 0.82. The business has a fifty day simple moving average of $114.43 and a 200 day simple moving average of $120.93. 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 issued its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate 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, research analysts expect that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a yield of 0.71%. Hawkins's dividend payout ratio is presently 18.37%.

Analyst Ratings Changes

Separately, 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 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.