Consolidated Planning Corp Makes New Investment in Hawkins, Inc. (NASDAQ:HWKN)

Consolidated Planning Corp purchased a new position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,415 shares of the specialty chemicals company's stock, valued at approximately $679,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HWKN. GAMMA Investing LLC increased its stake in shares of Hawkins by 20.4% in the first quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company's stock worth $56,000 after buying an additional 90 shares during the period. Summit Investment Advisors Inc. raised its holdings in Hawkins by 5.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,023 shares of the specialty chemicals company's stock worth $248,000 after purchasing an additional 99 shares in the last quarter. Mariner LLC raised its holdings in Hawkins by 7.4% in the 4th quarter. Mariner LLC now owns 1,956 shares of the specialty chemicals company's stock worth $240,000 after purchasing an additional 135 shares in the last quarter. Cetera Investment Advisers raised its holdings in Hawkins by 3.4% in the 4th quarter. Cetera Investment Advisers now owns 5,035 shares of the specialty chemicals company's stock worth $618,000 after purchasing an additional 165 shares in the last quarter. Finally, Anchor Capital Advisors LLC raised its holdings in Hawkins by 1.5% in the 4th quarter. Anchor Capital Advisors LLC now owns 14,602 shares of the specialty chemicals company's stock worth $1,791,000 after purchasing an additional 214 shares in the last quarter. Institutional investors own 69.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HWKN. CJS Securities began coverage on shares of Hawkins in a report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price objective for the company. Wall Street Zen upgraded shares of Hawkins from a "hold" rating to a "buy" rating in a report on Saturday. Finally, BWS Financial restated a "buy" rating and set a $160.00 target price on shares of Hawkins in a report on Thursday, May 15th.

Hawkins Stock Down 0.9%

Shares of HWKN stock traded down $1.28 during mid-day trading on Wednesday, reaching $138.82. 168,644 shares of the company's stock traded hands, compared to its average volume of 127,776. Hawkins, Inc. has a 12 month low of $87.24 and a 12 month high of $141.26. The company has a market cap of $2.90 billion, a P/E ratio of 34.36, a P/E/G ratio of 2.34 and a beta of 0.85. The company has a quick ratio of 1.37, a current ratio of 2.15 and a debt-to-equity ratio of 0.30. The company's 50-day moving average price is $128.33 and its 200-day moving average price is $118.60.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its earnings results on Wednesday, May 14th. The specialty chemicals company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. The firm had revenue of $245.32 million for the quarter, compared to analysts' expectations of $230.69 million. Hawkins had a net margin of 8.66% and a return on equity of 18.93%. On average, equities analysts expect that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, May 30th. Hawkins's payout ratio is 17.82%.

Hawkins Company 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.