Brokerages Set Hawkins, Inc. (NASDAQ:HWKN) PT at $162.50

by · The Markets Daily

Shares of Hawkins, Inc. (NASDAQ:HWKN – Get Free Report) have been given an average rating of “Hold” by the five analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $162.50.

A number of research analysts have recently issued reports on the company. BWS Financial reaffirmed a “buy” rating and set a $200.00 price objective on shares of Hawkins in a research note on Monday, November 3rd. Zacks Research upgraded Hawkins from a “strong sell” rating to a “hold” rating in a research report on Friday, January 2nd. Finally, Weiss Ratings cut Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday.

Read Our Latest Stock Report on HWKN

Insiders Place Their Bets

In other Hawkins news, VP Drew M. Grahek acquired 1,587 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $126.34 per share, for a total transaction of $200,501.58. Following the acquisition, the vice president owned 39,640 shares in the company, valued at $5,008,117.60. This represents a 4.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.10% of the company’s stock.

Institutional Trading of Hawkins

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HWKN. Allspring Global Investments Holdings LLC grew its stake in Hawkins by 159.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,554 shares of the specialty chemicals company’s stock worth $5,020,000 after purchasing an additional 21,216 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Hawkins by 7.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 383,427 shares of the specialty chemicals company’s stock worth $54,470,000 after purchasing an additional 25,495 shares during the last quarter. Focus Financial Network Inc. increased its position in Hawkins by 19.5% during the fourth quarter. Focus Financial Network Inc. now owns 2,728 shares of the specialty chemicals company’s stock valued at $388,000 after acquiring an additional 445 shares during the last quarter. Congress Asset Management Co. lifted its stake in shares of Hawkins by 10.9% in the 4th quarter. Congress Asset Management Co. now owns 152,659 shares of the specialty chemicals company’s stock worth $21,687,000 after purchasing an additional 14,947 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Hawkins by 131.1% during the 4th quarter. SG Americas Securities LLC now owns 22,803 shares of the specialty chemicals company’s stock worth $3,239,000 after acquiring an additional 12,935 shares during the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Price Performance

HWKN opened at $153.19 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $3.20 billion, a P/E ratio of 38.49, a PEG ratio of 2.35 and a beta of 0.86. The stock has a 50-day moving average price of $139.49 and a 200-day moving average price of $156.40. Hawkins has a 12-month low of $98.30 and a 12-month high of $186.15.

Hawkins (NASDAQ:HWKN – Get Free Report) last released its 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 firm had revenue of $280.43 million during the quarter, compared to the consensus estimate of $284.42 million. Hawkins had a return on equity of 17.42% and a net margin of 7.95%. Equities analysts predict that Hawkins will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 0.5%. Hawkins’s dividend payout ratio (DPR) is presently 19.10%.

Hawkins Company Profile

(Get Free Report)

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.

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