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

State of New Jersey Common Pension Fund D acquired a new position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,852 shares of the specialty chemicals company's stock, valued at approximately $2,021,000. State of New Jersey Common Pension Fund D owned 0.08% of Hawkins at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. ProShare Advisors LLC boosted its holdings in shares of Hawkins by 7.5% during the first quarter. ProShare Advisors LLC now owns 3,896 shares of the specialty chemicals company's stock worth $299,000 after purchasing an additional 271 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in Hawkins by 83.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 14,521 shares of the specialty chemicals company's stock worth $1,115,000 after buying an additional 6,627 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Hawkins by 3.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,567 shares of the specialty chemicals company's stock valued at $351,000 after acquiring an additional 132 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in Hawkins in the first quarter worth $392,000. Finally, Shell Asset Management Co. increased its holdings in shares of Hawkins by 36.9% during the 1st quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company's stock valued at $180,000 after acquiring an additional 631 shares during the last quarter. Hedge funds and other institutional investors own 69.71% of the company's stock.

Wall Street Analyst Weigh In

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

Hawkins Stock Performance

HWKN stock traded down $0.61 on Friday, reaching $123.60. 123,335 shares of the company were exchanged, compared to its average volume of 137,749. 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, Inc. has a 12 month low of $54.44 and a 12 month high of $135.61. The stock's fifty day moving average price is $122.04 and its 200 day moving average price is $107.06. The firm has a market capitalization of $2.58 billion, a PE ratio of 31.61, a PEG ratio of 4.29 and a beta of 0.77.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). The firm had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. On average, research analysts anticipate that Hawkins, Inc. will post 4.12 EPS for the current fiscal year.

Hawkins Announces Dividend

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

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.