Hawkins, Inc. $HWKN Shares Bought by Caitlin John LLC

Caitlin John LLC grew its position in Hawkins, Inc. (NASDAQ:HWKN) by 51.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,679 shares of the specialty chemicals company’s stock after buying an additional 2,255 shares during the period. Caitlin John LLC’s holdings in Hawkins were worth $949,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HWKN. Westwood Holdings Group Inc. boosted its position in Hawkins by 31.5% in the 1st quarter. Westwood Holdings Group Inc. now owns 599,015 shares of the specialty chemicals company’s stock valued at $63,448,000 after buying an additional 143,425 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Hawkins by 37.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 350,722 shares of the specialty chemicals company’s stock worth $37,148,000 after acquiring an additional 95,885 shares in the last quarter. Bessemer Group Inc. grew its position in Hawkins by 157,110.0% during the 1st quarter. Bessemer Group Inc. now owns 94,326 shares of the specialty chemicals company’s stock worth $9,991,000 after purchasing an additional 94,266 shares during the last quarter. Millennium Management LLC grew its position in Hawkins by 291.5% during the 4th quarter. Millennium Management LLC now owns 86,100 shares of the specialty chemicals company’s stock worth $10,562,000 after purchasing an additional 64,110 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Hawkins by 12,653.7% during the 1st quarter. GAMMA Investing LLC now owns 56,244 shares of the specialty chemicals company’s stock worth $59,570,000 after purchasing an additional 55,803 shares during the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HWKN. BWS Financial lifted their target price on shares of Hawkins from $160.00 to $200.00 and gave the company a “buy” rating in a report on Friday, August 1st. Raymond James Financial began coverage on shares of Hawkins in a research report on Thursday, July 24th. They set a “market perform” rating for the company. Wall Street Zen lowered shares of Hawkins from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Finally, Zacks Research raised shares of Hawkins to a “strong-buy” rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $162.50.

Hawkins Stock Performance

Hawkins stock opened at $173.74 on Monday. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 42.79, a P/E/G ratio of 2.46 and a beta of 0.86. Hawkins, Inc. has a 12-month low of $98.30 and a 12-month high of $185.50. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.59. The stock has a 50-day simple moving average of $168.49 and a 200 day simple moving average of $139.89.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.07. Hawkins had a return on equity of 18.35% and a net margin of 8.37%.The business had revenue of $293.27 million during the quarter, compared to analyst estimates of $278.76 million. On average, research analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, August 15th. This is a positive change from Hawkins’s previous quarterly dividend of $0.18. Hawkins’s dividend payout ratio (DPR) is 18.72%.

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.