Hawkins (NASDAQ:HWKN) Receives Buy Rating from BWS Financial

Hawkins (NASDAQ:HWKN)‘s stock had its “buy” rating reiterated by BWS Financial in a research report issued on Monday,Benzinga reports. They currently have a $200.00 target price on the specialty chemicals company’s stock. BWS Financial’s target price points to a potential upside of 51.19% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Zacks Research downgraded Hawkins from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Hawkins in a research report on Tuesday, October 14th. Finally, Raymond James Financial initiated coverage on Hawkins in a research note on Thursday, July 24th. They set a “market perform” rating on the stock. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Hawkins has a consensus rating of “Moderate Buy” and an average price target of $162.50.

Hawkins Stock Down 6.7%

Shares of HWKN traded down $9.56 during mid-day trading on Monday, reaching $132.29. The company’s stock had a trading volume of 95,141 shares, compared to its average volume of 148,605. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.31 and a quick ratio of 1.45. The stock has a market cap of $2.76 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84. The company’s 50 day moving average is $170.57 and its 200 day moving average is $153.07. Hawkins has a 12-month low of $98.30 and a 12-month high of $186.15.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, October 29th. The specialty chemicals company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.16). The business had revenue of $280.43 million for the quarter, compared to analyst estimates of $284.42 million. Hawkins had a return on equity of 17.79% and a net margin of 7.95%. Equities analysts anticipate that Hawkins will post 4 EPS for the current fiscal year.

Institutional Trading of Hawkins

Hedge funds have recently made changes to their positions in the stock. Westwood Holdings Group Inc. grew its stake in Hawkins by 31.5% during the 1st quarter. Westwood Holdings Group Inc. now owns 599,015 shares of the specialty chemicals company’s stock worth $63,448,000 after buying an additional 143,425 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Hawkins by 1.1% during the second quarter. Geode Capital Management LLC now owns 478,348 shares of the specialty chemicals company’s stock worth $67,981,000 after acquiring an additional 5,110 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Hawkins by 35.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 473,752 shares of the specialty chemicals company’s stock worth $67,320,000 after acquiring an additional 123,030 shares during the period. Invesco Ltd. raised its holdings in shares of Hawkins by 50.3% during the second quarter. Invesco Ltd. now owns 282,349 shares of the specialty chemicals company’s stock valued at $40,122,000 after buying an additional 94,503 shares during the last quarter. Finally, GW&K Investment Management LLC grew its holdings in Hawkins by 3.2% in the 1st quarter. GW&K Investment Management LLC now owns 220,327 shares of the specialty chemicals company’s stock worth $23,337,000 after buying an additional 6,832 shares in the last quarter. Institutional investors own 69.71% of the company’s stock.

About Hawkins

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.