JPMorgan Chase & Co. Cuts Stock Position in Hawkins, Inc. (NASDAQ:HWKN)

JPMorgan Chase & Co. reduced its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 22.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,437 shares of the specialty chemicals company's stock after selling 26,318 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.44% of Hawkins worth $11,783,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HWKN. Franklin Resources Inc. raised its stake in shares of Hawkins by 5.8% in the third quarter. Franklin Resources Inc. now owns 19,978 shares of the specialty chemicals company's stock valued at $2,597,000 after buying an additional 1,100 shares during the period. Tidal Investments LLC bought a new stake in shares of Hawkins in the third quarter valued at $795,000. TD Private Client Wealth LLC raised its stake in shares of Hawkins by 242.5% in the third quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company's stock valued at $59,000 after buying an additional 325 shares during the period. Geode Capital Management LLC raised its stake in shares of Hawkins by 3.6% in the third quarter. Geode Capital Management LLC now owns 523,514 shares of the specialty chemicals company's stock valued at $66,743,000 after buying an additional 18,119 shares during the period. Finally, Vestcor Inc bought a new stake in shares of Hawkins in the third quarter valued at $524,000. 69.71% of the stock is currently owned by institutional investors.

Hawkins Stock Performance

Shares of NASDAQ HWKN traded up $0.99 during mid-day trading on Monday, hitting $110.83. The company had a trading volume of 230,103 shares, compared to its average volume of 154,086. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 4.51 and a beta of 0.84. Hawkins, Inc. has a 1 year low of $54.44 and a 1 year high of $139.55. 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 price is $126.15 and its 200-day moving average price is $119.32.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings results 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). Hawkins had a net margin of 8.74% and a return on equity of 19.64%. The company had revenue of $247.03 million during the quarter, compared to analysts' expectations of $259.59 million. On average, sell-side analysts forecast that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Friday, November 15th. Hawkins's payout ratio is 18.41%.

Wall Street Analysts Forecast Growth

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

Hawkins 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.