Hawkins, Inc. (NASDAQ:HWKN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hawkins, Inc. (NASDAQ:HWKN) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $162.50.

Several brokerages have commented on HWKN. BWS Financial restated a “buy” rating and set a $200.00 target price on shares of Hawkins in a research report on Thursday, January 29th. Weiss Ratings downgraded shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Zacks Research upgraded shares of Hawkins from a “strong sell” rating to a “hold” rating in a research report on Friday, January 2nd.

Hawkins Stock Down 0.3%

HWKN opened at $149.10 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.35 and a quick ratio of 1.46. Hawkins has a 12 month low of $98.30 and a 12 month high of $186.15. The stock has a market capitalization of $3.12 billion, a P/E ratio of 37.75, a P/E/G ratio of 3.15 and a beta of 0.82. The business has a 50 day simple moving average of $146.33 and a 200-day simple moving average of $152.79.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, January 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The business had revenue of $244.08 million for the quarter, compared to analyst estimates of $252.51 million. Hawkins had a return on equity of 16.85% and a net margin of 7.75%. On average, equities analysts anticipate that Hawkins will post 4 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.76 annualized dividend and a yield of 0.5%. Hawkins’s payout ratio is currently 19.24%.

Insider Activity

In other Hawkins news, Director James A. Faulconbridge bought 1,500 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was bought at an average price of $129.29 per share, for a total transaction of $193,935.00. Following the completion of the transaction, the director owned 50,907 shares in the company, valued at approximately $6,581,766.03. The trade was a 3.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.10% of the stock is owned by company insiders.

Institutional Trading of Hawkins

Large investors have recently modified their holdings of the business. AQR Capital Management LLC raised its position in shares of Hawkins by 9.0% during the 1st quarter. AQR Capital Management LLC now owns 12,331 shares of the specialty chemicals company’s stock worth $1,306,000 after purchasing an additional 1,017 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Hawkins by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,499 shares of the specialty chemicals company’s stock valued at $1,218,000 after buying an additional 494 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Hawkins by 9.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 52,778 shares of the specialty chemicals company’s stock worth $5,590,000 after buying an additional 4,400 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Hawkins by 83.2% in the first quarter. Jane Street Group LLC now owns 38,416 shares of the specialty chemicals company’s stock worth $4,069,000 after acquiring an additional 17,447 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Hawkins by 50.7% in the second quarter. Envestnet Asset Management Inc. now owns 13,771 shares of the specialty chemicals company’s stock valued at $1,957,000 after acquiring an additional 4,631 shares in the last quarter. 69.71% of the stock is currently 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.