Hawkins, Inc. (NASDAQ:HWKN) Given Average Recommendation of “Hold” by Analysts

Hawkins, Inc. (NASDAQ:HWKN) has been assigned an average rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $162.50.

Several research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hawkins in a research report on Monday. Zacks Research cut Hawkins from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Finally, BWS Financial reissued a “buy” rating and set a $200.00 price target on shares of Hawkins in a report on Monday, November 3rd.

Insider Activity

In other news, VP Drew M. Grahek bought 1,587 shares of Hawkins stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average cost of $126.34 per share, with a total value of $200,501.58. Following the acquisition, the vice president owned 39,640 shares of the company’s stock, valued at $5,008,117.60. The trade was a 4.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.10% of the company’s stock.

Institutional Trading of Hawkins

Institutional investors and hedge funds have recently modified their holdings of the company. CIBC Bancorp USA Inc. purchased a new position in shares of Hawkins during the 3rd quarter valued at $380,000. Advisory Services Network LLC bought a new stake in Hawkins during the third quarter valued at about $79,000. CANADA LIFE ASSURANCE Co lifted its position in shares of Hawkins by 9.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 17,479 shares of the specialty chemicals company’s stock valued at $3,092,000 after acquiring an additional 1,570 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Hawkins by 10.9% in the third quarter. Wasatch Advisors LP now owns 420,569 shares of the specialty chemicals company’s stock valued at $76,846,000 after acquiring an additional 41,184 shares in the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of Hawkins by 44.4% in the third quarter. Verition Fund Management LLC now owns 22,079 shares of the specialty chemicals company’s stock worth $4,034,000 after acquiring an additional 6,793 shares during the period. 69.71% of the stock is currently owned by institutional investors.

Hawkins Trading Up 5.7%

Hawkins stock opened at $127.01 on Friday. Hawkins has a 52-week low of $98.30 and a 52-week high of $186.15. The company has a market cap of $2.65 billion, a P/E ratio of 31.91, a P/E/G ratio of 2.25 and a beta of 0.82. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.59. The business has a 50-day simple moving average of $157.56 and a two-hundred day simple moving average of $153.16.

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

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 14th. Hawkins’s payout ratio is presently 19.10%.

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.