Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,027 shares of the specialty chemicals company's stock after selling 11,758 shares during the quarter. Royce & Associates LP owned 0.51% of Hawkins worth $13,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its holdings in shares of Hawkins by 8,633.3% in the 3rd quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company's stock valued at $33,000 after purchasing an additional 259 shares in the last quarter. Blue Trust Inc. increased its holdings in Hawkins by 155.4% in the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock valued at $44,000 after buying an additional 216 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Hawkins by 262.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock valued at $55,000 after buying an additional 320 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Hawkins by 242.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company's stock valued at $59,000 after acquiring an additional 325 shares during the period. Finally, KBC Group NV boosted its stake in shares of Hawkins by 37.0% during the 4th quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock worth $116,000 after acquiring an additional 256 shares in the last quarter. Institutional investors and hedge funds own 69.71% of the company's stock.

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Analysts Set New Price Targets

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 Price Performance

Shares of NASDAQ:HWKN traded up $0.76 during midday trading on Friday, hitting $105.77. 367,892 shares of the stock were exchanged, compared to its average volume of 121,045. Hawkins, Inc. has a twelve month low of $71.98 and a twelve month high of $139.55. The company has a current ratio of 2.50, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $109.49 and a 200-day moving average price of $119.22. The stock has a market cap of $2.21 billion, a P/E ratio of 26.98, a PEG ratio of 3.80 and a beta of 0.77.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its 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, research analysts forecast that Hawkins, Inc. will post 4 earnings per share for the current 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 dividend of $0.18 per share. The ex-dividend date was Friday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 0.68%. 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.