Hawkins (NASDAQ:HWKN) Hits New 1-Year High – What’s Next?

Shares of Hawkins, Inc. (NASDAQ:HWKN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $139.25 and last traded at $139.04, with a volume of 28434 shares traded. The stock had previously closed at $132.52.

Analyst Upgrades and Downgrades

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

Hawkins Price Performance

The company’s fifty day moving average price is $126.28 and its 200 day moving average price is $113.41. The company has a market capitalization of $2.87 billion, a P/E ratio of 33.89, a PEG ratio of 4.69 and a beta of 0.83. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). Hawkins had a return on equity of 19.64% and a net margin of 8.74%. The business had revenue of $247.03 million for the quarter, compared to the consensus estimate of $259.59 million. As a group, sell-side analysts forecast that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued 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 0.53%. Hawkins’s dividend payout ratio is presently 18.41%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in Hawkins by 5.8% in the third quarter. Franklin Resources Inc. now owns 19,978 shares of the specialty chemicals company’s stock valued at $2,597,000 after acquiring an additional 1,100 shares during the last quarter. Tidal Investments LLC bought a new position in Hawkins in the third quarter valued at approximately $795,000. TD Private Client Wealth LLC grew its stake in shares of Hawkins by 242.5% during the third quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 325 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Hawkins by 3.6% during the third quarter. Geode Capital Management LLC now owns 523,514 shares of the specialty chemicals company’s stock worth $66,743,000 after buying an additional 18,119 shares during the last quarter. Finally, Vestcor Inc bought a new stake in shares of Hawkins during the third quarter worth $524,000. 69.71% of the stock is owned by institutional investors.

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.