Covestor Ltd Trims Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Covestor Ltd cut its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 29.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232 shares of the specialty chemicals company’s stock after selling 97 shares during the quarter. Covestor Ltd’s holdings in Hawkins were worth $30,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HWKN. Texas Permanent School Fund Corp grew its position in Hawkins by 2.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 16,682 shares of the specialty chemicals company’s stock valued at $1,281,000 after purchasing an additional 340 shares during the last quarter. US Bancorp DE grew its position in Hawkins by 2.2% during the 1st quarter. US Bancorp DE now owns 37,635 shares of the specialty chemicals company’s stock valued at $2,890,000 after purchasing an additional 804 shares during the last quarter. ProShare Advisors LLC lifted its stake in Hawkins by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 3,896 shares of the specialty chemicals company’s stock valued at $299,000 after acquiring an additional 271 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Hawkins by 83.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 14,521 shares of the specialty chemicals company’s stock valued at $1,115,000 after acquiring an additional 6,627 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in Hawkins by 3.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,567 shares of the specialty chemicals company’s stock valued at $351,000 after acquiring an additional 132 shares during the period. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Trading Down 0.5 %

Shares of HWKN opened at $123.60 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39. Hawkins, Inc. has a 1 year low of $54.44 and a 1 year high of $135.61. The company has a 50 day simple moving average of $122.04 and a two-hundred day simple moving average of $106.84. The firm has a market cap of $2.58 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 4.35 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). Hawkins had a net margin of 8.74% and a return on equity of 19.64%. The business had revenue of $247.03 million during the quarter, compared to analysts’ expectations of $259.59 million. On average, equities analysts expect that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.58%. Hawkins’s dividend payout ratio (DPR) is 18.41%.

Analyst Ratings Changes

Separately, BWS Financial restated a “neutral” rating and set a $122.00 target price on shares of Hawkins in a research note on Thursday, October 31st.

About Hawkins

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.