Caitlin John LLC Has $469,000 Position in Hawkins, Inc. $HWKN

Key Points

• Caitlin John LLC reduced its holdings in Hawkins, Inc. by 60.7%, owning 4,424 shares after selling 6,836 shares, with a value of $469,000 as of the most recent reporting period.
• Multiple institutional investors have increased their stakes in Hawkins, with Wells Fargo & Company MN raising its stake by 56.9% and Envestnet Asset Management Inc. increasing by 88.5% in the fourth quarter.
• The company recently announced a quarterly dividend increase to $0.19 per share, up from $0.18, with a dividend yield of 0.4%.

Caitlin John LLC lessened its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 60.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,424 shares of the specialty chemicals company's stock after selling 6,836 shares during the quarter. Caitlin John LLC's holdings in Hawkins were worth $469,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Westwood Holdings Group Inc. grew 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 in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of 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 buying an additional 95,885 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Hawkins by 157,110.0% in the 1st quarter. Bessemer Group Inc. now owns 94,326 shares of the specialty chemicals company's stock worth $9,991,000 after acquiring an additional 94,266 shares during the period. Millennium Management LLC boosted its holdings in shares of Hawkins by 291.5% in the fourth quarter. Millennium Management LLC now owns 86,100 shares of the specialty chemicals company's stock valued at $10,562,000 after acquiring an additional 64,110 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Hawkins by 12,653.7% during the first quarter. GAMMA Investing LLC now owns 56,244 shares of the specialty chemicals company's stock valued at $59,570,000 after acquiring an additional 55,803 shares during the period. 69.71% of the stock is owned by institutional investors and hedge funds.

Hawkins Trading Up 0.8%

Shares of NASDAQ:HWKN traded up $1.28 during mid-day trading on Tuesday, hitting $171.49. The stock had a trading volume of 153,959 shares, compared to its average volume of 153,766. The company's 50 day moving average is $158.61 and its 200-day moving average is $131.34. Hawkins, Inc. has a 12-month low of $98.30 and a 12-month high of $185.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.31. The company has a market cap of $3.58 billion, a PE ratio of 42.24, a P/E/G ratio of 2.41 and a beta of 0.81.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its earnings results 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. The company had revenue of $293.27 million for the quarter, compared to the consensus estimate of $278.76 million. Hawkins had a net margin of 8.37% and a return on equity of 18.35%. On average, sell-side analysts predict that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.19 per share. This is a boost from Hawkins's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.76 annualized dividend and a yield of 0.4%. Hawkins's dividend payout ratio (DPR) is presently 18.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Hawkins from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Raymond James Financial started coverage on Hawkins in a report on Thursday, July 24th. They issued a "market perform" rating for the company. Zacks Research raised Hawkins to a "strong-buy" rating in a report on Tuesday, August 12th. Finally, BWS Financial upped their price target on shares of Hawkins from $160.00 to $200.00 and gave the company a "buy" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target 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.