Hawkins (NASDAQ:HWKN) Trading 7.2% Higher – What’s Next?
by Renee Jackson · The Cerbat GemHawkins, Inc. (NASDAQ:HWKN – Get Free Report)’s share price was up 7.2% on Tuesday . The stock traded as high as $170.90 and last traded at $170.2150. Approximately 226,040 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 163,975 shares. The stock had previously closed at $158.72.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on HWKN shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hawkins in a report on Friday, April 10th. BWS Financial reiterated a “buy” rating and issued a $200.00 target price on shares of Hawkins in a report on Monday, March 23rd. Finally, Zacks Research upgraded shares of Hawkins from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $200.00.
Check Out Our Latest Research Report on Hawkins
Hawkins Price Performance
The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.46 and a current ratio of 2.35. The company has a market cap of $3.43 billion, a PE ratio of 41.06, a PEG ratio of 2.90 and a beta of 0.80. The company’s 50-day simple moving average is $147.39 and its 200 day simple moving average is $146.55.
Hawkins (NASDAQ:HWKN – Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03). Hawkins had a net margin of 7.75% and a return on equity of 16.85%. The business had revenue of $244.08 million during the quarter, compared to analysts’ expectations of $252.51 million. On average, sell-side analysts predict that Hawkins, Inc. will post 3.95 earnings per share for the current fiscal year.
Hawkins Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 13th. Hawkins’s dividend payout ratio (DPR) is currently 19.24%.
Insider Buying and Selling
In other Hawkins news, Director James A. Faulconbridge purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was bought at an average price of $129.29 per share, with a total value of $193,935.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Hawkins
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HWKN. Vanguard Group Inc. raised its holdings in shares of Hawkins by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,525,789 shares of the specialty chemicals company’s stock valued at $216,754,000 after purchasing an additional 20,958 shares in the last quarter. State Street Corp raised its holdings in shares of Hawkins by 11.6% in the 4th quarter. State Street Corp now owns 1,067,451 shares of the specialty chemicals company’s stock valued at $151,642,000 after purchasing an additional 111,318 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Hawkins by 31.4% in the 4th quarter. Wasatch Advisors LP now owns 552,419 shares of the specialty chemicals company’s stock valued at $78,477,000 after purchasing an additional 131,850 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hawkins by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 513,535 shares of the specialty chemicals company’s stock valued at $72,965,000 after purchasing an additional 13,828 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Hawkins by 34.4% in the 4th quarter. Capital World Investors now owns 477,985 shares of the specialty chemicals company’s stock valued at $67,903,000 after purchasing an additional 122,366 shares in the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.
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.