Wells Fargo & Company MN Acquires 3,485 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Wells Fargo & Company MN increased its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 56.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,605 shares of the specialty chemicals company's stock after purchasing an additional 3,485 shares during the quarter. Wells Fargo & Company MN's holdings in Hawkins were worth $1,178,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HWKN. Blue Trust Inc. increased its position in shares of Hawkins by 155.4% during the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock worth $44,000 after acquiring an additional 216 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Hawkins by 262.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock worth $55,000 after purchasing an additional 320 shares in the last quarter. KBC Group NV raised its stake in shares of Hawkins by 37.0% in the 4th quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock valued at $116,000 after purchasing an additional 256 shares during the period. Longboard Asset Management LP acquired a new stake in Hawkins in the 4th quarter valued at approximately $212,000. Finally, Cibc World Markets Corp bought a new stake in Hawkins during the 4th quarter worth about $222,000. Institutional investors own 69.71% of the company's stock.

Hawkins Stock Performance

NASDAQ:HWKN traded up $5.07 on Friday, hitting $124.50. The company's stock had a trading volume of 188,936 shares, compared to its average volume of 124,004. Hawkins, Inc. has a one year low of $71.98 and a one year high of $139.55. The firm has a market capitalization of $2.61 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 3.80 and a beta of 0.82. The stock has a fifty day moving average of $111.20 and a two-hundred day moving average of $117.20. The company has a current ratio of 2.50, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. Research analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HWKN shares. BWS Financial raised shares of Hawkins from a "neutral" rating to a "buy" rating and set a $160.00 target price for the company in a research note on Monday, April 14th. CJS Securities initiated coverage on shares of Hawkins in a research report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price objective for the company.

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.