Hawkins (NASDAQ:HWKN) Trading Up 4.7% – What’s Next?

Shares of Hawkins, Inc. (NASDAQ:HWKN) traded up 4.7% during trading on Monday . The company traded as high as $111.72 and last traded at $111.94. 43,015 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 169,527 shares. The stock had previously closed at $106.91.

Analyst Ratings Changes

Separately, BWS Financial restated a “neutral” rating and set a $122.00 target price on shares of Hawkins in a report on Friday, January 31st.

Hawkins Trading Down 2.5 %

The business has a 50 day simple moving average of $122.31 and a two-hundred day simple moving average of $121.32. The company has a current ratio of 2.50, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 3.71 and a beta of 0.82.

Hawkins (NASDAQ:HWKN) last issued its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. As a group, equities analysts anticipate that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, February 14th. Hawkins’s dividend payout ratio (DPR) is 18.37%.

Institutional Trading of Hawkins

Several hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in Hawkins by 5.4% during the 3rd quarter. State Street Corp now owns 755,995 shares of the specialty chemicals company’s stock valued at $96,367,000 after acquiring an additional 38,877 shares in the last quarter. Geode Capital Management LLC raised its stake in Hawkins by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 523,514 shares of the specialty chemicals company’s stock valued at $66,743,000 after acquiring an additional 18,119 shares in the last quarter. FMR LLC raised its stake in Hawkins by 20.9% during the 3rd quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock valued at $32,663,000 after acquiring an additional 44,351 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Hawkins by 487.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 254,837 shares of the specialty chemicals company’s stock valued at $31,260,000 after acquiring an additional 211,472 shares in the last quarter. Finally, Royce & Associates LP raised its stake in Hawkins by 3.3% during the 3rd quarter. Royce & Associates LP now owns 117,785 shares of the specialty chemicals company’s stock valued at $15,014,000 after acquiring an additional 3,775 shares in the last quarter. Institutional investors own 69.71% of the company’s stock.

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.