Hawkins, Inc. (NASDAQ:HWKN) Receives $162.50 Average Target Price from Analysts

Shares of Hawkins, Inc. (NASDAQ:HWKN) have been given an average rating of “Hold” by the five analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $162.50.

HWKN has been the topic of a number of recent analyst reports. Zacks Research raised shares of Hawkins from a “strong sell” rating to a “hold” rating in a research report on Friday, January 2nd. BWS Financial reaffirmed a “buy” rating and set a $200.00 target price on shares of Hawkins in a research note on Thursday, January 29th. Finally, Weiss Ratings lowered Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th.

Hawkins Stock Up 0.1%

Shares of HWKN opened at $151.07 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.35 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $146.49 and a 200 day moving average of $152.46. The company has a market cap of $3.16 billion, a PE ratio of 38.25, a P/E/G ratio of 3.19 and a beta of 0.82. Hawkins has a 52-week low of $100.34 and a 52-week high of $186.15.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, January 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). The firm had revenue of $244.08 million during the quarter, compared to analysts’ expectations of $252.51 million. Hawkins had a net margin of 7.75% and a return on equity of 16.85%. On average, sell-side analysts expect that Hawkins will post 4 EPS for the current year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, February 13th. Hawkins’s dividend payout ratio (DPR) is 19.24%.

Insider Activity at Hawkins

In related news, Director James A. Faulconbridge purchased 1,500 shares of Hawkins stock in a transaction that occurred on Wednesday, February 4th. The shares were bought at an average price of $129.29 per share, with a total value of $193,935.00. Following the purchase, the director directly owned 50,907 shares of the company’s stock, valued at approximately $6,581,766.03. This represents a 3.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Hawkins

Hedge funds have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC bought a new stake in shares of Hawkins during the third quarter valued at approximately $27,000. Kestra Advisory Services LLC purchased a new position in Hawkins during the 4th quarter worth $29,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Hawkins during the 2nd quarter worth $31,000. First Horizon Corp bought a new stake in Hawkins during the 3rd quarter valued at $34,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Hawkins in the 4th quarter worth $34,000. 69.71% of the stock is currently owned by institutional investors.

About Hawkins

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.