Hawkins, Inc. (NASDAQ:HWKN – Get Free Report)’s stock price reached a new 52-week low on Monday . The company traded as low as $117.82 and last traded at $117.73, with a volume of 54078 shares traded. The stock had previously closed at $118.99.
Analyst Upgrades and Downgrades
HWKN has been the subject of several research reports. BWS Financial reaffirmed a “buy” rating and issued a $200.00 target price on shares of Hawkins in a research note on Monday, August 3rd. Weiss Ratings downgraded shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. Barclays set a $142.00 price objective on shares of Hawkins and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Zacks Research cut shares of Hawkins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hawkins presently has an average rating of “Hold” and a consensus price target of $171.00.
Check Out Our Latest Report on Hawkins
Hawkins Trading Down 0.7%
Hawkins (NASDAQ:HWKN – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.04). Hawkins had a net margin of 7.29% and a return on equity of 15.42%. The company had revenue of $315.68 million during the quarter, compared to the consensus estimate of $313.42 million. On average, equities research analysts anticipate that Hawkins, Inc. will post 4.04 EPS for the current fiscal year.
Hawkins Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, August 14th. Hawkins’s dividend payout ratio is currently 20.73%.
Institutional Investors Weigh In On Hawkins
A number of large investors have recently added to or reduced their stakes in HWKN. Kestra Advisory Services LLC bought a new position in shares of Hawkins during the fourth quarter valued at about $29,000. MBM Wealth Consultants LLC bought a new stake in shares of Hawkins in the first quarter worth about $33,000. Northwestern Mutual Wealth Management Co. purchased a new position in Hawkins during the 2nd quarter valued at about $37,000. Simplex Trading LLC raised its position in Hawkins by 246.0% during the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 246 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Hawkins during the 3rd quarter valued at approximately $79,000. 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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