Vestcor Inc Purchases New Stake in Hawkins, Inc. (NASDAQ:HWKN)

Vestcor Inc acquired a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,110 shares of the specialty chemicals company’s stock, valued at approximately $524,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Hawkins by 180.1% during the third quarter. Barclays PLC now owns 39,728 shares of the specialty chemicals company’s stock worth $5,064,000 after purchasing an additional 25,545 shares during the period. XTX Topco Ltd lifted its position in Hawkins by 6.4% in the 3rd quarter. XTX Topco Ltd now owns 5,150 shares of the specialty chemicals company’s stock worth $656,000 after buying an additional 311 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Hawkins by 127.3% during the 3rd quarter. Jane Street Group LLC now owns 47,432 shares of the specialty chemicals company’s stock valued at $6,046,000 after buying an additional 26,568 shares during the period. State Street Corp increased its stake in shares of Hawkins by 5.4% in the third quarter. State Street Corp now owns 755,995 shares of the specialty chemicals company’s stock worth $96,367,000 after acquiring an additional 38,877 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Hawkins during the third quarter worth $255,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Price Performance

NASDAQ HWKN opened at $129.87 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 stock has a market capitalization of $2.72 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 4.76 and a beta of 0.83. Hawkins, Inc. has a 12-month low of $54.44 and a 12-month high of $139.55. The company has a 50 day moving average price of $126.75 and a two-hundred day moving average price of $113.98.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.02). The business had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. As a group, equities analysts predict that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, November 15th. Hawkins’s dividend payout ratio is 18.41%.

Analysts Set New Price Targets

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

Hawkins Company 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.