Hawkins (NASDAQ:HWKN) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Hawkins (NASDAQ:HWKN) released its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02), FiscalAI reports. The company had revenue of $265.91 million for the quarter, compared to analysts’ expectations of $255.28 million. Hawkins had a return on equity of 16.32% and a net margin of 7.53%.

Hawkins Price Performance

Shares of Hawkins stock traded up $3.11 during trading on Friday, reaching $159.68. The company’s stock had a trading volume of 95,659 shares, compared to its average volume of 164,627. The business has a 50 day moving average price of $153.71 and a 200-day moving average price of $146.08. Hawkins has a 12-month low of $117.98 and a 12-month high of $186.15. The company has a market capitalization of $3.34 billion, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 3.10 and a beta of 0.81. The company has a quick ratio of 1.46, a current ratio of 2.35 and a debt-to-equity ratio of 0.49.

Hawkins Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on HWKN shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hawkins in a research report on Friday, April 10th. BWS Financial reissued a “buy” rating and issued a $200.00 target price on shares of Hawkins in a report on Monday, March 23rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $200.00.

Institutional Investors Weigh In On Hawkins

Several institutional investors have recently made changes to their positions in HWKN. Kestra Advisory Services LLC acquired a new position in shares of Hawkins during the 4th quarter worth $29,000. Simplex Trading LLC boosted its holdings in Hawkins by 246.0% during the fourth quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 246 shares in the last quarter. Advisory Services Network LLC acquired a new position in Hawkins during the third quarter worth about $79,000. iSAM Funds UK Ltd acquired a new position in Hawkins during the third quarter worth about $102,000. Finally, Evergreen Capital Management LLC purchased a new position in Hawkins in the second quarter valued at about $208,000. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

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.