Caitong International Asset Management Co. Ltd Makes New Investment in Hawkins, Inc. $HWKN

Caitong International Asset Management Co. Ltd bought a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) during the first quarter, Holdings Channel.com reports. The firm bought 397 shares of the specialty chemicals company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HWKN. Whittier Trust Co. of Nevada Inc. grew its stake 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 worth $30,000 after buying an additional 152 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in Hawkins during the 4th quarter valued at $34,000. Russell Investments Group Ltd. purchased a new stake in Hawkins during the 1st quarter valued at $52,000. NewEdge Advisors LLC purchased a new stake in Hawkins during the 4th quarter valued at $53,000. Finally, GAMMA Investing LLC boosted its stake in Hawkins by 20.4% during 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 last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Price Performance

NASDAQ HWKN opened at $171.50 on Monday. The business’s fifty day moving average price is $154.46 and its 200-day moving average price is $128.93. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 42.24, a PEG ratio of 2.46 and a beta of 0.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.31 and a quick ratio of 1.45. Hawkins, Inc. has a 1-year low of $98.30 and a 1-year high of $185.50.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $293.27 million during 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%. On average, equities analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Increases Dividend

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

Analyst Upgrades and Downgrades

HWKN has been the topic of several recent analyst reports. Wall Street Zen downgraded Hawkins from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Raymond James Financial initiated coverage on Hawkins in a research note on Thursday, July 24th. They set a “market perform” rating on the stock. BWS Financial increased their target price on Hawkins from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Zacks Research raised Hawkins to a “strong-buy” rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hawkins currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.50.

About Hawkins

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.