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

BWS Financial reiterated their neutral rating on shares of Hawkins (NASDAQ:HWKN) in a research note released on Thursday, Benzinga reports. BWS Financial currently has a $122.00 target price on the specialty chemicals company’s stock.

Hawkins Price Performance

Shares of Hawkins stock opened at $106.40 on Thursday. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 27.21, a P/E/G ratio of 3.57 and a beta of 0.77. The firm’s 50-day moving average price is $122.48 and its two-hundred day moving average price is $103.93. The company has a current ratio of 2.27, a quick ratio of 1.44 and a debt-to-equity ratio of 0.21. Hawkins has a 1-year low of $53.64 and a 1-year high of $135.61.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates 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. On average, equities analysts predict that Hawkins will post 4.28 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, November 15th. This represents a $0.72 annualized dividend and a yield of 0.68%. Hawkins’s dividend payout ratio (DPR) is 18.41%.

Institutional Investors Weigh In On Hawkins

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in shares of Hawkins by 71.8% during the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 168 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Hawkins by 289.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock valued at $59,000 after buying an additional 347 shares during the last quarter. SG Americas Securities LLC bought a new position in Hawkins in the 3rd quarter valued at $100,000. USA Financial Formulas increased its stake in shares of Hawkins by 35.1% in the 3rd quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock valued at $113,000 after buying an additional 230 shares during the period. Finally, Shell Asset Management Co. raised its position in shares of Hawkins by 36.9% during the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock worth $180,000 after acquiring an additional 631 shares during the last quarter. Institutional investors and hedge funds 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.