Hawkins, Inc. (NASDAQ:HWKN) Receives Consensus Rating of “Hold” from Analysts

Hawkins, Inc. (NASDAQ:HWKN) has been given a consensus rating of “Hold” by the five ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $185.00.

Several research firms have recently commented on HWKN. Barclays set a $170.00 price target on Hawkins and gave the stock an “equal weight” rating in a research note on Tuesday. BWS Financial reaffirmed a “buy” rating and set a $200.00 target price on shares of Hawkins in a research report on Monday, March 23rd. Finally, Weiss Ratings raised shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 24th.

Institutional Trading of Hawkins

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HWKN. Kestra Advisory Services LLC bought a new stake in shares of Hawkins during the fourth quarter worth $29,000. MBM Wealth Consultants LLC bought a new stake in Hawkins during the 1st quarter worth about $33,000. Sound Income Strategies LLC acquired a new position in Hawkins during the 4th quarter valued at about $34,000. Aster Capital Management DIFC Ltd boosted its stake in shares of Hawkins by 62.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 115 shares during the last quarter. Finally, Simplex Trading LLC grew its position in shares of Hawkins by 246.0% during the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 246 shares during the period. Institutional investors own 69.71% of the company’s stock.

Hawkins Trading Down 1.5%

Shares of NASDAQ:HWKN traded down $2.11 during midday trading on Tuesday, reaching $139.29. The company had a trading volume of 44,950 shares, compared to its average volume of 160,171. Hawkins has a 1-year low of $117.98 and a 1-year high of $186.15. The company has a fifty day simple moving average of $160.06 and a two-hundred day simple moving average of $151.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.46 and a current ratio of 2.21. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 2.91 and a beta of 0.76.

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). The firm had revenue of $265.91 million for the quarter, compared to analysts’ expectations of $255.28 million. Hawkins had a return on equity of 16.08% and a net margin of 7.53%. Research analysts predict that Hawkins will post 4.27 earnings per share for the current year.

Hawkins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, May 29th. Hawkins’s dividend payout ratio (DPR) is currently 19.44%.

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.