State of New Jersey Common Pension Fund D Takes $2.02 Million Position in Hawkins, Inc. (NASDAQ:HWKN)

State of New Jersey Common Pension Fund D purchased a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,852 shares of the specialty chemicals company’s stock, valued at approximately $2,021,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HWKN. GAMMA Investing LLC grew its holdings in shares of 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 buying an additional 168 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Hawkins by 289.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 347 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Hawkins during the third quarter worth approximately $100,000. USA Financial Formulas lifted its holdings in shares of Hawkins by 35.1% during the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock worth $113,000 after purchasing an additional 230 shares during the period. Finally, Shell Asset Management Co. grew its position in Hawkins by 36.9% in the 1st quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock valued at $180,000 after buying an additional 631 shares during the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Price Performance

Shares of HWKN opened at $123.60 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average is $122.04 and its two-hundred day moving average is $107.06. Hawkins, Inc. has a twelve month low of $54.44 and a twelve month high of $135.61. The firm has a market capitalization of $2.58 billion, a PE ratio of 31.61, a P/E/G ratio of 4.35 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). The company 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%. Research analysts anticipate that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Dividend Announcement

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

Wall Street Analyst Weigh In

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