Hawkins (NASDAQ:HWKN) Trading Down 6.4% – Should You Sell?

Hawkins, Inc. (NASDAQ:HWKN)’s stock price was down 6.4% during mid-day trading on Monday . The stock traded as low as $151.02 and last traded at $151.29. 69,044 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 159,562 shares. The stock had previously closed at $161.59.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. BWS Financial restated a “buy” rating and set a $200.00 price objective on shares of Hawkins in a research note on Monday, March 23rd. Weiss Ratings upgraded shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Hawkins Trading Down 12.5%

The stock has a market capitalization of $2.96 billion, a P/E ratio of 36.23, a price-to-earnings-growth ratio of 2.91 and a beta of 0.76. The business has a 50 day simple moving average of $160.18 and a 200-day simple moving average of $151.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.46 and a current ratio of 2.21.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, May 13th. The specialty chemicals company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The firm had revenue of $265.91 million during the quarter, compared to the consensus estimate of $255.28 million. Hawkins had a return on equity of 16.08% and a net margin of 7.53%. On average, analysts predict that Hawkins, Inc. will post 4.27 EPS for the current year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Hawkins’s payout ratio is presently 19.44%.

Institutional Investors Weigh In On Hawkins

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in shares of Hawkins during the 4th quarter valued at about $29,000. MBM Wealth Consultants LLC bought a new stake in shares of Hawkins in the 1st quarter worth approximately $33,000. Sound Income Strategies LLC bought a new stake in shares of Hawkins in the 4th quarter worth approximately $34,000. Aster Capital Management DIFC Ltd lifted its stake in Hawkins by 62.2% during the third quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 115 shares during the last quarter. Finally, Simplex Trading LLC lifted its stake in Hawkins by 246.0% during the fourth quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 246 shares during the last quarter. 69.71% of the stock is owned by institutional investors and hedge funds.

Hawkins Company Profile

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.