Vanguard Group Inc. Sells 8,110 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Vanguard Group Inc. cut its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,466,641 shares of the specialty chemicals company's stock after selling 8,110 shares during the period. Vanguard Group Inc. owned about 7.01% of Hawkins worth $179,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Hawkins by 155.4% in the 4th quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 216 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of 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 acquiring an additional 320 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Hawkins by 242.5% in the third quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company's stock worth $59,000 after acquiring an additional 325 shares during the period. KBC Group NV grew its position in shares of Hawkins by 37.0% during the fourth quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock worth $116,000 after purchasing an additional 256 shares in the last quarter. Finally, Longboard Asset Management LP bought a new stake in Hawkins during the 4th quarter valued at approximately $212,000. 69.71% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research analysts have weighed in on HWKN shares. BWS Financial restated a "neutral" rating and issued a $122.00 price target on shares of Hawkins in a research note on Friday, January 31st. CJS Securities started coverage on shares of Hawkins in a research report on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 target price for the company.

Hawkins Price Performance

NASDAQ HWKN traded up $4.32 during trading on Friday, hitting $114.78. 79,023 shares of the stock traded hands, compared to its average volume of 123,805. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. Hawkins, Inc. has a 12-month low of $71.98 and a 12-month high of $139.55. The firm has a 50-day simple moving average of $107.57 and a 200-day simple moving average of $117.81. The company has a market capitalization of $2.40 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 3.80 and a beta of 0.82.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings results 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, analysts predict that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins's dividend payout ratio is 18.37%.

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.