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

Hawkins, Inc. (NASDAQ:HWKN) has been given an average recommendation of “Hold” by the five analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $185.00.

Several analysts have issued reports on the stock. Weiss Ratings upgraded shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 24th. Barclays set a $170.00 price objective on shares of Hawkins and gave the company an “equal weight” rating in a research report on Tuesday, June 30th. Finally, BWS Financial reissued a “buy” rating and set a $200.00 target price on shares of Hawkins in a research report on Monday, March 23rd.

Hawkins Stock Performance

HWKN traded down $2.37 during midday trading on Tuesday, reaching $137.07. The company’s stock had a trading volume of 28,422 shares, compared to its average volume of 163,327. The company has a current ratio of 2.21, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $157.88 and a 200 day simple moving average of $151.14. The stock has a market cap of $2.87 billion, a P/E ratio of 35.06, a PEG ratio of 2.50 and a beta of 0.78. Hawkins has a twelve month low of $117.98 and a twelve month high of $186.15.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.02). Hawkins had a net margin of 7.53% and a return on equity of 16.08%. The business had revenue of $265.91 million during the quarter, compared to the consensus estimate of $255.28 million. Research analysts expect that Hawkins will post 4.27 earnings per share 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 paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, May 29th. Hawkins’s dividend payout ratio is presently 19.44%.

Institutional Investors Weigh In On Hawkins

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Hawkins by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,525,789 shares of the specialty chemicals company’s stock valued at $216,754,000 after acquiring an additional 20,958 shares during the period. State Street Corp raised its position in Hawkins by 11.6% during the fourth quarter. State Street Corp now owns 1,067,451 shares of the specialty chemicals company’s stock worth $151,642,000 after acquiring an additional 111,318 shares in the last quarter. Wasatch Advisors LP lifted its stake in Hawkins by 31.4% in the fourth quarter. Wasatch Advisors LP now owns 552,419 shares of the specialty chemicals company’s stock valued at $78,477,000 after acquiring an additional 131,850 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Hawkins by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 513,535 shares of the specialty chemicals company’s stock valued at $72,965,000 after acquiring an additional 13,828 shares during the period. Finally, Capital World Investors increased its stake in shares of Hawkins by 34.4% during the 4th quarter. Capital World Investors now owns 477,985 shares of the specialty chemicals company’s stock worth $67,903,000 after purchasing an additional 122,366 shares during the last quarter. Institutional investors own 69.71% of the company’s stock.

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.