Hawkins (NASDAQ:HWKN) Now Covered by Analysts at CJS Securities

CJS Securities assumed coverage on shares of Hawkins (NASDAQ:HWKN) in a report issued on Tuesday, MarketBeat reports. The brokerage issued a market outperform rating and a $125.00 price target on the specialty chemicals company’s stock.

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

Hawkins Stock Performance

NASDAQ:HWKN opened at $108.38 on Tuesday. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 3.80 and a beta of 0.77. Hawkins has a 1 year low of $71.98 and a 1 year high of $139.55. The stock’s 50 day simple moving average is $108.59 and its two-hundred day simple moving average is $118.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. As a group, equities analysts anticipate that Hawkins will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Friday, February 14th. Hawkins’s dividend payout ratio (DPR) is 18.37%.

Institutional Trading of Hawkins

Several hedge funds and other institutional investors have recently bought and sold shares of HWKN. Vermillion Wealth Management Inc. bought a new position in Hawkins during the fourth quarter valued at $34,000. Public Employees Retirement System of Ohio boosted its stake in shares of Hawkins by 13.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 25,556 shares of the specialty chemicals company’s stock worth $3,135,000 after purchasing an additional 3,052 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Hawkins by 11.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,378 shares of the specialty chemicals company’s stock worth $5,935,000 after purchasing an additional 4,861 shares during the period. Squarepoint Ops LLC bought a new position in Hawkins during the 4th quarter valued at about $1,754,000. Finally, ProShare Advisors LLC raised its position in Hawkins by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 5,822 shares of the specialty chemicals company’s stock worth $714,000 after purchasing an additional 1,794 shares during the period. Hedge funds and other institutional investors own 69.71% of the company’s stock.

About Hawkins

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.