Hawkins (NASDAQ:HWKN) Hits New 52-Week High at $78.75

Hawkins, Inc. (NASDAQ:HWKN) shares reached a new 52-week high during trading on Friday . The stock traded as high as $78.75 and last traded at $78.75, with a volume of 33362 shares traded. The stock had previously closed at $76.42.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Hawkins from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

Hawkins Stock Performance

The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 22.46 and a beta of 0.75. The company has a quick ratio of 1.58, a current ratio of 2.45 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $70.22 and a 200-day moving average price of $65.57.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The business had revenue of $208.50 million for the quarter, compared to analyst estimates of $221.24 million. Hawkins had a return on equity of 19.54% and a net margin of 7.91%. On average, analysts expect that Hawkins, Inc. will post 3.61 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, February 15th. Hawkins’s payout ratio is currently 18.39%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. AJOVista LLC acquired a new position in Hawkins during the fourth quarter worth $26,000. Centerpoint Advisors LLC acquired a new position in Hawkins during the third quarter worth $29,000. Captrust Financial Advisors grew its holdings in Hawkins by 66.6% during the first quarter. Captrust Financial Advisors now owns 1,566 shares of the specialty chemicals company’s stock worth $72,000 after acquiring an additional 626 shares during the period. USA Financial Formulas acquired a new position in Hawkins during the fourth quarter worth $77,000. Finally, Tower Research Capital LLC TRC boosted its position in Hawkins by 17.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,520 shares of the specialty chemicals company’s stock worth $98,000 after purchasing an additional 369 shares in the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Company Profile

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.