Vanguard Group Inc. Reduces Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Vanguard Group Inc. lowered its position in Hawkins, Inc. (NASDAQ:HWKN) by 0.5% during the fourth quarter, according to its most recent filing with the 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 0.07% of Hawkins worth $179,913,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Hawkins by 487.7% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 254,837 shares of the specialty chemicals company’s stock worth $31,260,000 after buying an additional 211,472 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Hawkins in the 4th quarter valued at about $13,087,000. FMR LLC raised its holdings in Hawkins by 20.9% in the 3rd quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock valued at $32,663,000 after acquiring an additional 44,351 shares during the last quarter. State Street Corp lifted its stake in Hawkins by 5.4% in the 3rd quarter. State Street Corp now owns 755,995 shares of the specialty chemicals company’s stock worth $96,367,000 after purchasing an additional 38,877 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Hawkins by 763.6% during the 4th quarter. Intech Investment Management LLC now owns 36,451 shares of the specialty chemicals company’s stock worth $4,471,000 after purchasing an additional 32,230 shares during the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Analyst Upgrades and Downgrades

HWKN has been the subject of several recent research reports. BWS Financial reaffirmed a “neutral” rating and issued a $122.00 price target on shares of Hawkins in a report on Friday, January 31st. CJS Securities began coverage on shares of Hawkins in a report on Tuesday, April 1st. They issued a “market outperform” rating and a $125.00 price objective for the company.

Hawkins Trading Down 0.4 %

Shares of Hawkins stock opened at $107.09 on Monday. The stock has a 50 day moving average of $108.07 and a 200 day moving average of $118.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 3.80 and a beta of 0.82. Hawkins, Inc. has a fifty-two week low of $71.98 and a fifty-two week high of $139.55.

Hawkins (NASDAQ:HWKN) last released 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 return on equity of 18.95% and a net margin of 8.60%. As a group, research analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, February 14th. Hawkins’s dividend payout ratio (DPR) is presently 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.