Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Covestor Ltd

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

A number of other large investors also recently bought and sold shares of the stock. Westwood Holdings Group Inc. lifted its holdings in Hawkins by 11.5% in the second quarter. Westwood Holdings Group Inc. now owns 457,342 shares of the specialty chemicals company’s stock valued at $41,618,000 after acquiring an additional 47,129 shares during the period. American Century Companies Inc. lifted its holdings in Hawkins by 22.4% in the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock valued at $32,825,000 after acquiring an additional 66,109 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Hawkins by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 191,433 shares of the specialty chemicals company’s stock worth $17,420,000 after buying an additional 4,398 shares during the period. Renaissance Technologies LLC raised its stake in shares of Hawkins by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 121,198 shares of the specialty chemicals company’s stock worth $11,029,000 after buying an additional 9,800 shares during the period. Finally, King Luther Capital Management Corp raised its stake in shares of Hawkins by 3.4% during the 2nd quarter. King Luther Capital Management Corp now owns 94,071 shares of the specialty chemicals company’s stock worth $8,560,000 after buying an additional 3,093 shares during the period. 69.71% of the stock is owned by institutional investors and hedge funds.

Hawkins Stock Down 0.5 %

Shares of NASDAQ:HWKN opened at $123.60 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $122.04 and a two-hundred day moving average of $106.84. The stock has a market cap of $2.58 billion, a P/E ratio of 31.61, a PEG ratio of 4.35 and a beta of 0.77. Hawkins, Inc. has a 52-week low of $54.44 and a 52-week high of $135.61.

Hawkins (NASDAQ:HWKN) last released its quarterly 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 return on equity of 19.64% and a net margin of 8.74%. The business had revenue of $247.03 million for the quarter, compared to analysts’ expectations of $259.59 million. On average, research analysts expect that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, November 15th. Hawkins’s dividend payout ratio is currently 18.41%.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed 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.