AlphaCore Capital LLC Sells 230 Shares of Hawkins, Inc. (NASDAQ:HWKN)

AlphaCore Capital LLC lowered its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,620 shares of the specialty chemicals company’s stock after selling 230 shares during the quarter. AlphaCore Capital LLC owned 0.06% of Hawkins worth $1,481,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HWKN. 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 valued at $51,000 after purchasing an additional 168 shares in the last quarter. Farther Finance Advisors LLC grew its position in Hawkins by 289.2% during 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 purchased a new stake in shares of Hawkins in the 3rd quarter valued at $100,000. USA Financial Formulas grew its holdings in shares of Hawkins by 35.1% during 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. Finally, Capital Investment Advisors LLC purchased a new position in Hawkins in the 3rd quarter worth $225,000. 69.71% of the stock is owned by institutional investors.

Hawkins Trading Up 0.5 %

NASDAQ:HWKN opened at $127.85 on Friday. The firm has a market capitalization of $2.67 billion, a P/E ratio of 32.70, a P/E/G ratio of 4.38 and a beta of 0.77. 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 company has a fifty day moving average of $122.99 and a 200 day moving average of $108.24. Hawkins, Inc. has a 52 week low of $54.44 and a 52 week high of $135.61.

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). The firm had revenue of $247.03 million for the quarter, compared to analysts’ expectations of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. On average, research analysts predict that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, November 15th. Hawkins’s payout ratio is 18.41%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a “neutral” rating and set a $122.00 target price on shares of Hawkins in a report 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.