Ritholtz Wealth Management Has $298,000 Position in Hawkins, Inc. $HWKN

Ritholtz Wealth Management reduced its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 4.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,098 shares of the specialty chemicals company’s stock after selling 87 shares during the quarter. Ritholtz Wealth Management’s holdings in Hawkins were worth $298,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group grew its position in shares of Hawkins by 533.3% during the 1st quarter. Brooklyn Investment Group now owns 266 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 224 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Hawkins by 118.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 152 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Hawkins in the 1st quarter valued at approximately $42,000. Russell Investments Group Ltd. acquired a new position in shares of Hawkins in the 1st quarter valued at approximately $52,000. Finally, GAMMA Investing LLC grew its position in shares of Hawkins by 20.4% in the 1st quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 90 shares during the period. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on HWKN. BWS Financial boosted their price objective on Hawkins from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Wall Street Zen lowered Hawkins from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Raymond James Financial began coverage on Hawkins in a research report on Thursday, July 24th. They issued a “market perform” rating for the company. Zacks Research lowered Hawkins from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Hawkins in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Hawkins presently has a consensus rating of “Moderate Buy” and an average price target of $162.50.

Hawkins Trading Up 0.9%

NASDAQ HWKN opened at $163.19 on Tuesday. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 2.29 and a beta of 0.84. The stock’s 50 day moving average price is $172.86 and its two-hundred day moving average price is $149.80. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.31. Hawkins, Inc. has a 52 week low of $98.30 and a 52 week high of $186.15.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.33 by $0.07. The firm had revenue of $293.27 million for the quarter, compared to analysts’ expectations of $278.76 million. Hawkins had a return on equity of 18.35% and a net margin of 8.37%. As a group, analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.19 per share. The ex-dividend date was Friday, August 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Hawkins’s previous quarterly dividend of $0.18. Hawkins’s dividend payout ratio (DPR) is currently 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.