Hawkins, Inc. (NASDAQ:HWKN) Receives $162.50 Average PT from Analysts

Shares of Hawkins, Inc. (NASDAQ:HWKN) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $162.50.

Several research analysts have recently issued reports on the company. Raymond James Financial began coverage on Hawkins in a research note on Thursday, July 24th. They issued a “market perform” rating for the company. Zacks Research lowered Hawkins from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hawkins in a research report on Tuesday, October 14th. Finally, BWS Financial reissued a “buy” rating and set a $200.00 price target on shares of Hawkins in a research report on Monday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. AlphaQuest LLC grew its stake in Hawkins by 15.4% in the third quarter. AlphaQuest LLC now owns 2,207 shares of the specialty chemicals company’s stock valued at $403,000 after purchasing an additional 294 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Hawkins by 137.5% in the 3rd quarter. New York State Common Retirement Fund now owns 16,302 shares of the specialty chemicals company’s stock valued at $2,979,000 after buying an additional 9,439 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Hawkins by 492.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 592 shares of the specialty chemicals company’s stock worth $106,000 after purchasing an additional 492 shares in the last quarter. Truist Financial Corp bought a new position in shares of Hawkins during the 3rd quarter worth approximately $323,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Hawkins by 694.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 405 shares of the specialty chemicals company’s stock worth $74,000 after buying an additional 354 shares during the period. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Price Performance

HWKN stock opened at $130.38 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.59. Hawkins has a 52-week low of $98.30 and a 52-week high of $186.15. The stock’s 50 day moving average is $169.78 and its two-hundred day moving average is $153.13. The company has a market capitalization of $2.72 billion, a PE ratio of 32.76, a P/E/G ratio of 2.25 and a beta of 0.84.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, October 29th. The specialty chemicals company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.16). Hawkins had a net margin of 7.95% and a return on equity of 17.79%. The firm had revenue of $280.43 million during the quarter, compared to the consensus estimate of $284.42 million. Analysts predict that Hawkins will post 4 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $0.19 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.76 dividend on an annualized basis and a yield of 0.6%. Hawkins’s payout ratio is 19.10%.

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.