Allspring Cuts Hawkins Stake by 74.2%, VP Buys 1,587 Shares at $126.34

HWKNHWKN

Allspring Global Investments cut its Hawkins stake by 74.2%, selling 38,454 shares in Q3 and retaining 13,338 shares worth $2.38 million. VP Drew M. Grahek bought 1,587 shares at $126.34 each for $200,502, increasing his stake to 39,640 shares.

1. Consensus Rating Overview

Five brokerages currently cover Hawkins, Inc., assigning an average recommendation of Moderate Buy. Within this group, three analysts rate the stock as Buy while two maintain a Hold stance. The collective 12-month price target among these firms stands at 162.50, reflecting analyst confidence in mid-teens percentage upside over the next year based on consensus estimates for revenue and earnings growth.

2. Insider and Institutional Moves

Vice President Drew M. Grahek added 1,587 shares to his position in early November, increasing his holdings by 4.17% and bringing his total stake to 39,640 shares. On the institutional side, Montanaro Asset Management boosted its stake by 294% in Q2, acquiring an additional 44,100 shares to reach roughly 59,100 shares, while Congress Asset Management initiated a new position valued at 16.96 million. Overall, institutional investors now control 69.7% of outstanding shares.

3. Recent Earnings Performance

In the quarter ended October 29th, Hawkins reported earnings per share of 1.08, missing the consensus forecast by 0.16, on revenue of 280.4 million versus estimates of 284.4 million. The firm achieved a net margin of 7.95% and a return on equity of 17.42%. Analysts project full-year EPS of 4.00, implying steady margin expansion and operating leverage as distribution volumes normalize across municipal and industrial end markets.

4. Dividend and Balance Sheet Strength

Hawkins declared a quarterly dividend of 0.19 per share, translating into an annualized payout ratio of 19.1% and a yield near 0.5%. The company’s balance sheet remains solid, with a debt-to-equity ratio of 0.53, a current ratio of 2.43 and a quick ratio of 1.49, supporting ongoing capital expenditures across its North American network of water-treatment manufacturing and distribution facilities.

Sources

DD