Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 27.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,781 shares of the specialty chemicals company's stock after selling 38,251 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.49% of Hawkins worth $7,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in HWKN. Centerpoint Advisors LLC acquired a new position in Hawkins during the 3rd quarter worth approximately $29,000. Captrust Financial Advisors increased its holdings in Hawkins by 66.6% during the 1st quarter. Captrust Financial Advisors now owns 1,566 shares of the specialty chemicals company's stock worth $72,000 after purchasing an additional 626 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Hawkins by 17.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,520 shares of the specialty chemicals company's stock worth $98,000 after purchasing an additional 369 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in Hawkins during the 3rd quarter worth approximately $203,000. Finally, Advisory Services Network LLC bought a new stake in Hawkins during the 1st quarter worth approximately $207,000. 69.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Hawkins from a "buy" rating to a "hold" rating in a report on Friday, February 9th.

Hawkins Stock Down 0.1 %

HWKN traded down $0.04 during midday trading on Thursday, reaching $74.70. 115,748 shares of the company were exchanged, compared to its average volume of 142,186. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.45. The company's fifty day moving average price is $72.45 and its 200 day moving average price is $66.55. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 21.48 and a beta of 0.75. Hawkins, Inc. has a one year low of $39.20 and a one year high of $79.30.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.10. The company had revenue of $208.50 million during the quarter, compared to analyst estimates of $221.24 million. Hawkins had a return on equity of 19.54% and a net margin of 7.91%. As a group, analysts expect that Hawkins, Inc. will post 3.61 EPS for the current year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, February 15th. Hawkins's dividend payout ratio is presently 18.39%.

Hawkins Company 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.