Caitlin John LLC Buys 2,255 Shares of Hawkins, Inc. $HWKN

Caitlin John LLC boosted its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 51.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,679 shares of the specialty chemicals company’s stock after purchasing an additional 2,255 shares during the quarter. Caitlin John LLC’s holdings in Hawkins were worth $949,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HWKN. Brooklyn Investment Group boosted its position in Hawkins by 533.3% in the first quarter. Brooklyn Investment Group now owns 266 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 224 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in 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 worth $30,000 after acquiring an additional 152 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of Hawkins in the 4th quarter worth about $34,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Hawkins in the 1st quarter worth about $42,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Hawkins in the 1st quarter worth about $52,000. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Stock Performance

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

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data 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. Hawkins had a return on equity of 18.35% and a net margin of 8.37%.The firm had revenue of $293.27 million during the quarter, compared to analyst estimates of $278.76 million. Equities research analysts predict that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Raymond James Financial initiated coverage on Hawkins in a report on Thursday, July 24th. They set a “market perform” rating for the company. BWS Financial increased their target price on Hawkins from $160.00 to $200.00 and gave the stock 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. Finally, Zacks Research upgraded Hawkins to a “strong-buy” rating in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $162.50.

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.