Hawkins, Inc. (NASDAQ:HWKN) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 95,700 shares, a growth of 40.9% from the June 30th total of 67,900 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,700 shares, the short-interest ratio is presently 2.8 days.
HWKN stock traded up $0.58 during trading on Monday, reaching $44.68. The company’s stock had a trading volume of 39,900 shares, compared to its average volume of 32,831. Hawkins has a 1 year low of $32.01 and a 1 year high of $47.94. The company has a quick ratio of 1.43, a current ratio of 2.48 and a debt-to-equity ratio of 0.37. The firm has a market cap of $487.93 million, a P/E ratio of 19.47 and a beta of 0.92. The company has a fifty day moving average price of $43.45.
Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Thursday, May 23rd. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter. Hawkins had a return on equity of 11.46% and a net margin of 4.53%. The business had revenue of $133.05 million during the quarter.
The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a $0.23 dividend. The ex-dividend date is Thursday, August 15th.
A number of equities research analysts have issued reports on HWKN shares. BidaskClub upgraded Hawkins from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. TheStreet upgraded Hawkins from a “c+” rating to a “b-” rating in a research note on Friday, July 5th.
Hedge funds have recently modified their holdings of the business. Investors Research Corp acquired a new position in Hawkins during the first quarter valued at $26,000. First Quadrant L P CA purchased a new stake in Hawkins during the first quarter valued at about $30,000. BNP Paribas Arbitrage SA lifted its stake in Hawkins by 439.1% during the first quarter. BNP Paribas Arbitrage SA now owns 2,027 shares of the specialty chemicals company’s stock valued at $75,000 after buying an additional 1,651 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Hawkins during the first quarter valued at about $94,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Hawkins during the fourth quarter valued at about $114,000. Institutional investors and hedge funds own 57.90% of the company’s stock.
Hawkins Company Profile
Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationaly. It operates in three segments: Industrial, Water Treatment, and Health and Nutrition. It provides industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.
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