Hawkins (NASDAQ:HWKN) Hits New 52-Week High – Here’s What Happened

Hawkins, Inc. (NASDAQ:HWKN) hit a new 52-week high during trading on Wednesday . The company traded as high as $139.25 and last traded at $139.04, with a volume of 28434 shares changing hands. The stock had previously closed at $132.52.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a research note on Thursday, October 31st.

Hawkins Price Performance

The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 33.91, a P/E/G ratio of 4.76 and a beta of 0.83. The firm has a 50-day simple moving average of $126.66 and a two-hundred day simple moving average of $113.70. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). Hawkins had a net margin of 8.74% and a return on equity of 19.64%. The company had revenue of $247.03 million for the quarter, compared to analysts’ expectations of $259.59 million. As a group, analysts predict that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.55%. Hawkins’s payout ratio is 18.41%.

Institutional Investors Weigh In On Hawkins

A number of institutional investors have recently modified their holdings of HWKN. Ellsworth Advisors LLC raised its holdings in Hawkins by 1.2% in the 3rd quarter. Ellsworth Advisors LLC now owns 7,560 shares of the specialty chemicals company’s stock worth $964,000 after purchasing an additional 89 shares during the period. Arizona State Retirement System raised its stake in shares of Hawkins by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,571 shares of the specialty chemicals company’s stock worth $507,000 after buying an additional 103 shares during the period. Morgan Dempsey Capital Management LLC lifted its position in shares of Hawkins by 5.1% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company’s stock valued at $239,000 after buying an additional 127 shares in the last quarter. GAMMA Investing LLC grew its stake in Hawkins by 71.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 168 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in Hawkins by 2.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the specialty chemicals company’s stock worth $874,000 after acquiring an additional 200 shares in the last quarter. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Company Profile

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.