Hawkins, Inc. (NASDAQ:HWKN) Receives $162.50 Consensus Target Price from Brokerages

Hawkins, Inc. (NASDAQ:HWKN) has received an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $162.50.

Several equities research analysts recently issued reports on HWKN shares. BWS Financial lifted their price target on shares of Hawkins from $160.00 to $200.00 and gave the company a “buy” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hawkins in a report on Tuesday, October 14th. Wall Street Zen lowered shares of Hawkins from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Zacks Research downgraded shares of Hawkins from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Raymond James Financial began coverage on shares of Hawkins in a research report on Thursday, July 24th. They set a “market perform” rating on the stock.

Hawkins Trading Down 5.8%

Shares of Hawkins stock opened at $141.85 on Tuesday. The firm has a market capitalization of $2.96 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $170.57 and its 200 day moving average is $152.85. Hawkins has a 1 year low of $98.30 and a 1 year high of $186.15.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings results on Wednesday, October 29th. The specialty chemicals company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.16). The company had revenue of $280.43 million for the quarter, compared to the consensus estimate of $284.42 million. Hawkins had a net margin of 7.95% and a return on equity of 17.79%. Equities research analysts forecast that Hawkins will post 4 earnings per share for the current fiscal year.

Hawkins Announces Dividend

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

Institutional Investors Weigh In On Hawkins

Hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new stake in Hawkins during the 3rd quarter worth approximately $27,000. First Horizon Corp acquired a new stake in Hawkins during the 3rd quarter worth approximately $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Hawkins during the 2nd quarter worth approximately $31,000. Brooklyn Investment Group lifted its position in shares of Hawkins by 533.3% in the 1st quarter. Brooklyn Investment Group now owns 266 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 224 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Hawkins by 118.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 152 shares during the period. 69.71% of the stock is currently owned by institutional investors and hedge funds.

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.