Allspring Global Investments Holdings LLC Trims Stake in Hawkins, Inc. (NASDAQ:HWKN)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 42.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,002 shares of the specialty chemicals company’s stock after selling 43,432 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Hawkins were worth $7,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of HWKN. Capital Investment Advisors LLC bought a new position in shares of Hawkins in the third quarter worth approximately $225,000. Ellsworth Advisors LLC raised its holdings in Hawkins by 1.2% during the third quarter. Ellsworth Advisors LLC now owns 7,560 shares of the specialty chemicals company’s stock valued at $964,000 after acquiring an additional 89 shares during the period. Creative Planning boosted its stake in shares of Hawkins by 30.6% in the third quarter. Creative Planning now owns 4,340 shares of the specialty chemicals company’s stock worth $553,000 after acquiring an additional 1,016 shares during the period. Koshinski Asset Management Inc. purchased a new stake in shares of Hawkins during the third quarter worth about $282,000. Finally, Annex Advisory Services LLC lifted its holdings in Hawkins by 6.0% in the 3rd quarter. Annex Advisory Services LLC now owns 13,861 shares of the specialty chemicals company’s stock worth $1,767,000 after purchasing an additional 789 shares in the last quarter. Institutional investors own 69.71% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial cut shares of Hawkins from a “buy” rating to a “neutral” rating and set a $122.00 target price for the company. in a research note on Wednesday, October 16th.

Hawkins Trading Down 1.8 %

HWKN opened at $116.50 on Monday. The stock has a 50-day moving average of $123.32 and a 200 day moving average of $102.85. The company has a current ratio of 2.27, a quick ratio of 1.44 and a debt-to-equity ratio of 0.29. Hawkins, Inc. has a 12 month low of $53.64 and a 12 month high of $135.61. The firm has a market cap of $2.43 billion, a P/E ratio of 30.26, a P/E/G ratio of 4.10 and a beta of 0.74.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, July 31st. The specialty chemicals company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. The business had revenue of $255.88 million for the quarter, compared to analysts’ expectations of $254.30 million. Hawkins had a net margin of 8.75% and a return on equity of 20.16%. As a group, research analysts forecast that Hawkins, Inc. will post 4.28 EPS for the current year.

Hawkins Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.62%. This is an increase from Hawkins’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, August 16th. Hawkins’s dividend payout ratio (DPR) is 18.70%.

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.