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

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 lowered its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 60.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,424 shares of the specialty chemicals company's stock after selling 6,836 shares during the period. Caitlin John LLC's holdings in Hawkins were worth $469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. AlphaQuest LLC boosted its holdings in shares of Hawkins by 261.3% during the 1st quarter. AlphaQuest LLC now owns 542 shares of the specialty chemicals company's stock valued at $57,000 after purchasing an additional 392 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Hawkins by 3.7% in the first quarter. Hsbc Holdings PLC now owns 2,976 shares of the specialty chemicals company's stock worth $313,000 after purchasing an additional 105 shares during the last quarter. Quantbot Technologies LP bought a new stake in Hawkins in the first quarter worth about $57,000. Aptus Capital Advisors LLC lifted its stake in Hawkins by 12.7% in the first quarter. Aptus Capital Advisors LLC now owns 83,097 shares of the specialty chemicals company's stock worth $8,802,000 after purchasing an additional 9,372 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Hawkins by 533.3% during the first quarter. Brooklyn Investment Group now owns 266 shares of the specialty chemicals company's stock worth $28,000 after acquiring an additional 224 shares during the period. Institutional investors own 69.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of Hawkins to a "strong-buy" rating in a research report on Tuesday, August 12th. BWS Financial raised their target price on shares of Hawkins from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Raymond James Financial assumed coverage on shares of Hawkins in a research report on Thursday, July 24th. They set a "market perform" rating on the stock. Finally, Wall Street Zen lowered shares of Hawkins from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $162.50.

Hawkins Stock Down 1.8%

HWKN traded down $3.10 during trading on Thursday, hitting $169.69. The stock had a trading volume of 33,204 shares, compared to its average volume of 152,681. The company has a market capitalization of $3.54 billion, a PE ratio of 41.79, a PEG ratio of 2.43 and a beta of 0.81. Hawkins, Inc. has a twelve month low of $98.30 and a twelve 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 stock has a 50 day simple moving average of $159.99 and a two-hundred day simple moving average of $131.91.

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 for the quarter, beating the consensus estimate of $1.33 by $0.07. The company had revenue of $293.27 million during 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, research analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Increases Dividend

The company 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 $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. This is a positive change from Hawkins's previous quarterly dividend of $0.18. The ex-dividend date is Friday, August 15th. Hawkins's payout ratio is 18.72%.

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.