JPMorgan Chase & Co. lifted its stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 61.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,616 shares of the specialty chemicals company's stock after purchasing an additional 57,179 shares during the period. JPMorgan Chase & Co. owned about 0.71% of Hawkins worth $18,353,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System grew its stake in Hawkins by 0.7% in the 4th quarter. New York State Teachers Retirement System now owns 13,527 shares of the specialty chemicals company's stock worth $1,659,000 after acquiring an additional 100 shares in the last quarter. Values First Advisors Inc. grew its stake in Hawkins by 1.4% in the fourth quarter. Values First Advisors Inc. now owns 12,056 shares of the specialty chemicals company's stock worth $1,479,000 after purchasing an additional 170 shares in the last quarter. Ellsworth Advisors LLC increased its holdings in Hawkins by 2.5% during the 4th quarter. Ellsworth Advisors LLC now owns 7,747 shares of the specialty chemicals company's stock worth $950,000 after purchasing an additional 187 shares during the period. Anchor Capital Advisors LLC raised its position in Hawkins by 1.5% during the 4th quarter. Anchor Capital Advisors LLC now owns 14,602 shares of the specialty chemicals company's stock valued at $1,791,000 after purchasing an additional 214 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Hawkins by 155.4% in the 4th quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 216 shares during the period. Hedge funds and other institutional investors own 69.71% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on HWKN. CJS Securities assumed coverage on shares of Hawkins in a research note on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price objective for the company. BWS Financial upgraded shares of Hawkins from a "neutral" rating to a "buy" rating and set a $160.00 price objective on the stock in a research note on Monday.
Check Out Our Latest Analysis on Hawkins
Hawkins Stock Down 1.7 %
Hawkins stock traded down $2.08 during trading hours on Tuesday, reaching $121.75. The stock had a trading volume of 113,708 shares, compared to its average volume of 123,986. The business's 50 day moving average price is $107.79 and its 200-day moving average price is $117.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53. Hawkins, Inc. has a 52 week low of $71.98 and a 52 week high of $139.55. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 3.80 and a beta of 0.82.
Hawkins (NASDAQ:HWKN - Get Free Report) last announced its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. Sell-side analysts anticipate that Hawkins, Inc. will post 4 EPS for the current year.
Hawkins Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins's dividend payout ratio (DPR) is presently 18.37%.
About Hawkins
(
Free Report)
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.
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