Hawkins’ (HWKN) “Neutral” Rating Reiterated at BWS Financial

BWS Financial reaffirmed their neutral rating on shares of Hawkins (NASDAQ:HWKN) in a report published on Friday,Benzinga reports. The firm currently has a $122.00 price target on the specialty chemicals company’s stock.

Hawkins Stock Performance

NASDAQ:HWKN opened at $106.91 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 4.03 and a beta of 0.84. The company has a fifty day simple moving average of $123.20 and a two-hundred day simple moving average of $121.19. Hawkins has a 52 week low of $54.44 and a 52 week high of $139.55.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). Hawkins had a return on equity of 19.33% and a net margin of 8.60%. As a group, equities analysts anticipate that Hawkins will post 4.12 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, February 14th. Hawkins’s dividend payout ratio is presently 18.37%.

Institutional Investors Weigh In On Hawkins

Several hedge funds have recently modified their holdings of HWKN. Jane Street Group LLC lifted its holdings in shares of Hawkins by 127.3% in the 3rd quarter. Jane Street Group LLC now owns 47,432 shares of the specialty chemicals company’s stock valued at $6,046,000 after buying an additional 26,568 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Hawkins in the 3rd quarter valued at about $2,021,000. Natixis Advisors LLC purchased a new stake in Hawkins in the 3rd quarter worth approximately $2,495,000. Victory Capital Management Inc. boosted its stake in Hawkins by 26.9% in the 3rd quarter. Victory Capital Management Inc. now owns 112,966 shares of the specialty chemicals company’s stock worth $14,400,000 after buying an additional 23,940 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of Hawkins by 7.3% in the 2nd quarter. Creative Planning now owns 3,324 shares of the specialty chemicals company’s stock valued at $302,000 after purchasing an additional 225 shares during the last quarter. 69.71% of the stock is 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.