Hawkins (NASDAQ:HWKN) Trading Up 4.7% – What’s Next?

Shares of Hawkins, Inc. (NASDAQ:HWKN) shot up 4.7% on Monday . The stock traded as high as $111.72 and last traded at $111.94. 43,015 shares traded hands during trading, a decline of 75% from the average session volume of 169,527 shares. The stock had previously closed at $106.91.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “neutral” rating and issued a $122.00 price target on shares of Hawkins in a research note on Friday, January 31st.

Hawkins Trading Down 2.5 %

The company has a market cap of $2.37 billion, a P/E ratio of 28.85, a PEG ratio of 3.71 and a beta of 0.82. The business has a fifty day moving average price of $122.31 and a 200-day moving average price of $121.32. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. On average, analysts forecast that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a yield of 0.64%. Hawkins’s dividend payout ratio (DPR) is currently 18.37%.

Hedge Funds Weigh In On Hawkins

Several large investors have recently added to or reduced their stakes in HWKN. Ellsworth Advisors LLC boosted 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 buying an additional 89 shares during the period. New York State Teachers Retirement System boosted its holdings in Hawkins by 0.7% in the 4th quarter. New York State Teachers Retirement System now owns 13,527 shares of the specialty chemicals company’s stock worth $1,659,000 after buying an additional 100 shares during the period. GAMMA Investing LLC boosted its holdings in Hawkins by 71.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 168 shares during the period. Values First Advisors Inc. boosted its holdings in Hawkins by 1.4% in the 4th quarter. Values First Advisors Inc. now owns 12,056 shares of the specialty chemicals company’s stock worth $1,479,000 after buying an additional 170 shares during the period. Finally, Anchor Capital Advisors LLC boosted its holdings in Hawkins by 1.5% in the 4th quarter. Anchor Capital Advisors LLC now owns 14,602 shares of the specialty chemicals company’s stock valued at $1,791,000 after purchasing an additional 214 shares during the period. Institutional investors own 69.71% of the company’s stock.

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.