Hawkins, Inc. (NASDAQ:HWKN – Get Free Report) was down 6.4% during trading on Monday . The stock traded as low as $151.02 and last traded at $151.29. 69,044 shares were traded during mid-day trading, a decline of 57% from the average session volume of 159,562 shares. The stock had previously closed at $161.59.
Analyst Ratings Changes
Several brokerages have recently weighed in on HWKN. BWS Financial reiterated a “buy” rating and set a $200.00 price target on shares of Hawkins in a research report on Monday, March 23rd. Weiss Ratings raised shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 24th. Finally, Barclays set a $170.00 price objective on shares of Hawkins and gave the company an “equal weight” rating in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $185.00.
Check Out Our Latest Research Report on Hawkins
Hawkins Stock Performance
Hawkins (NASDAQ:HWKN – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.02). Hawkins had a net margin of 7.53% and a return on equity of 16.08%. The business had revenue of $265.91 million during the quarter, compared to analysts’ expectations of $255.28 million. Equities research analysts predict that Hawkins, Inc. will post 4.27 EPS for the current year.
Hawkins Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Hawkins’s dividend payout ratio (DPR) is currently 19.44%.
Hedge Funds Weigh In On Hawkins
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Values First Advisors Inc. raised its position in Hawkins by 0.8% during the first quarter. Values First Advisors Inc. now owns 9,855 shares of the specialty chemicals company’s stock valued at $1,514,000 after purchasing an additional 79 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Hawkins by 4.7% in the 4th quarter. Truist Financial Corp now owns 1,852 shares of the specialty chemicals company’s stock worth $263,000 after purchasing an additional 83 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Hawkins by 0.6% during the 4th quarter. Farther Finance Advisors LLC now owns 15,090 shares of the specialty chemicals company’s stock valued at $2,144,000 after purchasing an additional 88 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Hawkins by 3.0% during the 4th quarter. ProShare Advisors LLC now owns 3,815 shares of the specialty chemicals company’s stock valued at $542,000 after purchasing an additional 112 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its position in shares of Hawkins by 62.2% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.
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.
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