Hawkins (NASDAQ:HWKN) Issues Quarterly Earnings Results

Hawkins (NASDAQ:HWKN) released its quarterly earnings data on Monday. The specialty chemicals company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.19 by $0.15, FiscalAI reports. Hawkins had a net margin of 7.29% and a return on equity of 15.42%. The company had revenue of $313.82 million during the quarter, compared to the consensus estimate of $302.70 million.

Hawkins Stock Up 2.4%

Hawkins stock traded up $3.12 during trading hours on Monday, hitting $135.44. 134,579 shares of the stock traded hands, compared to its average volume of 162,995. The firm’s 50-day moving average price is $126.32 and its two-hundred day moving average price is $141.80. The company has a current ratio of 2.27, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.83 billion, a PE ratio of 35.09, a PEG ratio of 2.71 and a beta of 0.74. Hawkins has a one year low of $116.04 and a one year high of $174.12.

Hawkins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 14th. Hawkins’s payout ratio is presently 20.73%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays set a $141.00 target price on shares of Hawkins and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. BWS Financial reiterated a “buy” rating and set a $200.00 price target on shares of Hawkins in a research report on Monday, August 3rd. Zacks Research lowered Hawkins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings raised shares of Hawkins from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 21st. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Hawkins has a consensus rating of “Hold” and an average target price of $170.50.

Insider Transactions at Hawkins

In other Hawkins news, CFO Jeffrey P. Oldenkamp bought 1,290 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was acquired at an average price of $119.00 per share, with a total value of $153,510.00. Following the completion of the purchase, the chief financial officer owned 104,223 shares of the company’s stock, valued at approximately $12,402,537. This trade represents a 1.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Douglas A. Lange bought 910 shares of the stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average price of $118.75 per share, with a total value of $108,062.50. Following the completion of the acquisition, the vice president directly owned 28,169 shares of the company’s stock, valued at approximately $3,345,068.75. The trade was a 3.34% increase in their position. The SEC filing for this purchase provides additional information. 3.70% of the stock is owned by corporate insiders.

About Hawkins

Hawkins, Inc (NASDAQ:HWKN) is a chemical manufacturer, blender and distributor serving customers across the United States. The company supplies a range of water treatment chemicals, industrial chemicals and specialty products to municipal, commercial and industrial users.

Its water treatment business provides chemicals and related solutions used in drinking water, wastewater and industrial water treatment applications. Hawkins also serves the industrial, health and nutrition, and specialty chemical markets, offering products such as chemical blends, custom formulations and other materials used in manufacturing, agriculture, food processing and pharmaceutical applications.

Founded in 1938, Hawkins is headquartered in Roseville, Minnesota, and operates through a network of manufacturing, blending, distribution and sales locations in the United States.