Caxton Associates LLP Makes New Investment in Hawkins, Inc. $HWKN

Caxton Associates LLP purchased a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) in the first quarter, HoldingsChannel reports. The institutional investor purchased 5,166 shares of the specialty chemicals company’s stock, valued at approximately $793,000.

Several other hedge funds also recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in shares of Hawkins in the fourth quarter worth $29,000. MBM Wealth Consultants LLC acquired a new position in Hawkins during the 1st quarter valued at $33,000. Sound Income Strategies LLC acquired a new position in Hawkins during the 4th quarter valued at $34,000. Simplex Trading LLC boosted its holdings in Hawkins by 246.0% in the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 246 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in Hawkins in the 3rd quarter worth $79,000. 69.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays set a $170.00 price objective on shares of Hawkins and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. Weiss Ratings downgraded Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $185.00.

Hawkins Price Performance

Shares of HWKN stock opened at $139.03 on Monday. Hawkins, Inc. has a one year low of $117.98 and a one year high of $186.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.46. The stock has a fifty day moving average price of $150.33 and a 200 day moving average price of $150.50. The stock has a market cap of $2.91 billion, a P/E ratio of 35.56, a price-to-earnings-growth ratio of 2.51 and a beta of 0.78.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). Hawkins had a net margin of 7.53% and a return on equity of 16.08%. The business had revenue of $265.91 million during the quarter, compared to the consensus estimate of $255.28 million. Analysts predict that Hawkins, Inc. will post 4.27 earnings per share for the current year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, May 29th. Hawkins’s payout ratio is 19.44%.

Hawkins Company Profile

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.