From Quiver Quantitative:

Hedge funds and asset managers are increasing their holdings in Hawkins Inc. (NASDAQ: HWKN), with firms such as Charles Schwab Investment Management, Citadel Advisors, and Renaissance Technologies all adding to their positions. Hawkins Inc. reported record quarterly gross profit of $53.9 million, a 16% YoY increase, and a record quarterly operating income of $33 million, a 25% YoY increase. In addition, the company added six water treatment facilities through acquisitions. Hawkins Inc. operates in a competitive specialty chemicals and ingredients industry, and has a solid management team. The company offers dividends and has a long-term dividend growth policy, with a payout ratio of 18.3%. Hawkins Inc. currently operates at a LTM ROE of 19.3% and a ROIC of 20.2%. Since 2016, Hawkins has expanded ROE from 9.3% to 19.3% and grown EBIT at a CAGR of 11.8%. The company has shown sustained growth in revenue, gross profit, and earnings within the last decade.



Read more: The Bull Case for Hawkins Inc. (NASDAQ: HWKN)