American International Group Inc. boosted its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 97.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,854 shares of the specialty chemicals company’s stock after purchasing an additional 6,351 shares during the period. American International Group Inc. owned about 0.06% of Hawkins worth $431,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Investors Research Corp grew its holdings in shares of Hawkins by 100.0% in the 1st quarter. Investors Research Corp now owns 1,900 shares of the specialty chemicals company’s stock valued at $64,000 after acquiring an additional 950 shares in the last quarter. Morgan Dempsey Capital Management LLC grew its holdings in shares of Hawkins by 115.1% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 2,798 shares of the specialty chemicals company’s stock valued at $94,000 after acquiring an additional 1,497 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Hawkins by 235.5% in the 4th quarter. Citigroup Inc. now owns 2,577 shares of the specialty chemicals company’s stock valued at $135,000 after acquiring an additional 1,809 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Hawkins by 223.8% in the 4th quarter. Meeder Asset Management Inc. now owns 2,998 shares of the specialty chemicals company’s stock valued at $157,000 after acquiring an additional 2,072 shares in the last quarter. Finally, Zacks Investment Management bought a new position in shares of Hawkins in the 4th quarter valued at about $215,000. Hedge funds and other institutional investors own 59.78% of the company’s stock.
Several equities analysts have recently weighed in on the company. BWS Financial raised their price objective on Hawkins from $33.50 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 10th. Zacks Investment Research cut Hawkins from a “hold” rating to a “sell” rating in a report on Wednesday, May 26th.
Shares of NASDAQ:HWKN opened at $33.08 on Friday. Hawkins, Inc. has a 52-week low of $18.63 and a 52-week high of $39.73. The firm has a market cap of $704.14 million, a P/E ratio of 17.10 and a beta of 0.84. The firm has a 50-day moving average price of $33.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.31 and a quick ratio of 1.41.
Hawkins (NASDAQ:HWKN) last issued its earnings results on Wednesday, May 19th. The specialty chemicals company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.17. Hawkins had a net margin of 6.87% and a return on equity of 16.07%. Equities research analysts anticipate that Hawkins, Inc. will post 2.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 18th. Investors of record on Friday, June 4th will be paid a $0.123 dividend. This is an increase from Hawkins’s previous quarterly dividend of $0.12. This represents a $0.49 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, June 3rd. Hawkins’s dividend payout ratio (DPR) is 25.39%.
About Hawkins
Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationally. 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.
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