Hawkins (NASDAQ:HWKN) Trading Up 4.9% – What’s Next?

Hawkins, Inc. (NASDAQ:HWKN)’s share price rose 4.9% during trading on Wednesday . The stock traded as high as $122.02 and last traded at $121.25. Approximately 73,623 shares changed hands during trading, a decline of 26% from the average daily volume of 99,152 shares. The stock had previously closed at $115.54.

Analyst Ratings Changes

Separately, BWS Financial reissued a “neutral” rating and set a $122.00 target price on shares of Hawkins in a research note on Thursday, October 31st.

Hawkins Stock Performance

The company has a 50-day moving average of $125.99 and a 200 day moving average of $118.59. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.30 billion, a PE ratio of 28.09, a PEG ratio of 4.51 and a beta of 0.84.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). The firm had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. Equities research analysts predict that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.66%. Hawkins’s payout ratio is currently 18.41%.

Institutional Trading of Hawkins

A number of hedge funds have recently bought and sold shares of HWKN. Rhumbline Advisers raised its stake in shares of Hawkins by 4.6% during the second quarter. Rhumbline Advisers now owns 56,131 shares of the specialty chemicals company’s stock worth $5,108,000 after purchasing an additional 2,447 shares during the last quarter. Victory Capital Management Inc. boosted its position in Hawkins by 45.1% in the 2nd quarter. Victory Capital Management Inc. now owns 89,026 shares of the specialty chemicals company’s stock valued at $8,101,000 after buying an additional 27,680 shares during the last quarter. Arizona State Retirement System increased its position in shares of Hawkins by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 5,571 shares of the specialty chemicals company’s stock worth $507,000 after purchasing an additional 103 shares during the last quarter. American Century Companies Inc. increased its position in Hawkins by 22.4% in the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock worth $32,825,000 after buying an additional 66,109 shares during the period. Finally, BOKF NA bought a new position in shares of Hawkins in the second quarter worth $342,000. Institutional investors and hedge funds own 69.71% of the company’s stock.

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.