Janus Henderson Group PLC Reduces Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Janus Henderson Group PLC lowered its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 12.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,934 shares of the specialty chemicals company's stock after selling 5,913 shares during the period. Janus Henderson Group PLC owned about 0.20% of Hawkins worth $5,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. American Century Companies Inc. raised its stake in shares of Hawkins by 22.4% in the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company's stock valued at $32,825,000 after buying an additional 66,109 shares during the period. Aptus Capital Advisors LLC bought a new stake in shares of Hawkins in the second quarter valued at $4,741,000. Westwood Holdings Group Inc. raised its stake in shares of Hawkins by 11.5% in the second quarter. Westwood Holdings Group Inc. now owns 457,342 shares of the specialty chemicals company's stock valued at $41,618,000 after buying an additional 47,129 shares during the period. FMR LLC raised its stake in shares of Hawkins by 20.9% in the third quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company's stock valued at $32,663,000 after buying an additional 44,351 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Hawkins in the third quarter valued at $5,528,000. Hedge funds and other institutional investors own 69.71% of the company's stock.

Analyst Upgrades and Downgrades

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

Hawkins Price Performance

Hawkins stock traded down $1.70 during midday trading on Tuesday, hitting $132.52. 70,992 shares of the company's stock were exchanged, compared to its average volume of 126,582. Hawkins, Inc. has a 52-week low of $54.44 and a 52-week high of $138.86. The stock has a 50-day moving average price of $126.28 and a two-hundred day moving average price of $113.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The company has a market cap of $2.77 billion, a P/E ratio of 33.89, a PEG ratio of 4.69 and a beta of 0.83.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $247.03 million during the quarter, compared to analysts' expectations of $259.59 million. On average, equities research analysts forecast that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, November 15th. Hawkins's 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.