Hawkins (NASDAQ:HWKN) Issues Earnings Results

Hawkins (NASDAQ:HWKN) issued its earnings results on Wednesday. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02), reports. Hawkins had a net margin of 8.74% and a return on equity of 20.08%. The company had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million.

Hawkins Price Performance

Shares of HWKN opened at $106.40 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.44 and a current ratio of 2.27. The firm’s 50 day moving average price is $122.48 and its 200 day moving average price is $103.73. The firm has a market cap of $2.22 billion, a PE ratio of 27.21, a PEG ratio of 3.91 and a beta of 0.74. Hawkins has a twelve month low of $53.64 and a twelve month high of $135.61.

Hawkins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.68%. Hawkins’s dividend payout ratio is currently 18.41%.

Institutional Trading of Hawkins

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in shares of Hawkins by 71.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 168 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Hawkins by 289.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 347 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Hawkins in the third quarter worth approximately $100,000. USA Financial Formulas grew its position in Hawkins by 35.1% during the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock valued at $113,000 after acquiring an additional 230 shares during the last quarter. Finally, Shell Asset Management Co. raised its stake in shares of Hawkins by 36.9% during the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock worth $180,000 after acquiring an additional 631 shares in the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a report on Thursday.

Hawkins Company 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.