Consolidated Planning Corp Has $1 Million Stake in Hawkins, Inc. $HWKN

Consolidated Planning Corp boosted its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 9.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 7,050 shares of the specialty chemicals company’s stock after purchasing an additional 635 shares during the period. Consolidated Planning Corp’s holdings in Hawkins were worth $1,002,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group grew its stake in 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 buying an additional 224 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Hawkins by 118.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 152 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Hawkins in the first quarter worth about $42,000. Russell Investments Group Ltd. bought a new position in shares of Hawkins in the first quarter worth about $52,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Hawkins by 20.4% in the first quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company’s stock worth $56,000 after acquiring an additional 90 shares during the last quarter. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Stock Down 2.5%

Shares of NASDAQ HWKN opened at $178.17 on Thursday. The company has a 50 day simple moving average of $170.84 and a 200 day simple moving average of $143.25. The firm has a market cap of $3.72 billion, a PE ratio of 43.88, a price-to-earnings-growth ratio of 2.59 and a beta of 0.84. Hawkins, Inc. has a 1 year low of $98.30 and a 1 year high of $185.50. 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 (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $293.27 million during the quarter, compared to analyst estimates of $278.76 million. Hawkins had a net margin of 8.37% and a return on equity of 18.35%. On average, research analysts forecast that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, August 15th. This is a positive change from Hawkins’s previous quarterly dividend of $0.18. Hawkins’s dividend payout ratio (DPR) is 18.72%.

Analysts Set New Price Targets

HWKN has been the subject of a number of research reports. Wall Street Zen cut shares of Hawkins from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. BWS Financial increased their target price on shares of Hawkins from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Raymond James Financial initiated coverage on shares of Hawkins in a report on Thursday, July 24th. They issued a “market perform” rating for the company. Finally, Zacks Research cut shares of Hawkins from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Hawkins has an average rating of “Moderate Buy” and a consensus 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.