Vestcor Inc Takes $524,000 Position in Hawkins, Inc. (NASDAQ:HWKN)

Vestcor Inc acquired a new position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,110 shares of the specialty chemicals company's stock, valued at approximately $524,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Larson Financial Group LLC boosted its holdings in shares of Hawkins by 8,633.3% in the 3rd quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company's stock valued at $33,000 after buying an additional 259 shares during the last quarter. GAMMA Investing LLC raised its position in Hawkins by 71.8% during the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company's stock worth $51,000 after acquiring an additional 168 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Hawkins by 289.2% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company's stock valued at $59,000 after acquiring an additional 347 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Hawkins in the 3rd quarter valued at about $100,000. Finally, USA Financial Formulas lifted its stake in Hawkins by 35.1% in the 3rd quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company's stock valued at $113,000 after purchasing an additional 230 shares during the last quarter. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Stock Performance

HWKN stock traded down $2.70 during midday trading on Friday, reaching $129.87. 84,529 shares of the company were exchanged, compared to its average volume of 126,354. Hawkins, Inc. has a one year low of $54.44 and a one year high of $139.55. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 4.76 and a beta of 0.83. The business has a 50-day moving average price of $126.75 and a two-hundred day moving average price of $114.17. 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 (NASDAQ:HWKN - Get Free Report) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share (EPS) 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 company had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million. Equities research analysts forecast that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.72 annualized dividend and a yield of 0.55%. Hawkins's dividend payout ratio (DPR) is presently 18.41%.

Analysts Set New Price Targets

Separately, BWS Financial reissued a "neutral" rating and set a $122.00 price target on shares of Hawkins in a research report on Thursday, October 31st.

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.