Hawkins (NASDAQ:HWKN) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Hawkins, Inc. (NASDAQ:HWKN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $147.36 and traded as high as $147.97. Hawkins shares last traded at $147.07, with a volume of 239,489 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HWKN shares. Zacks Research upgraded shares of Hawkins from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hawkins in a research note on Friday, April 10th. Finally, BWS Financial reaffirmed a “buy” rating and set a $200.00 target price on shares of Hawkins in a research note on Monday, March 23rd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $200.00.

Hawkins Stock Up 2.4%

The stock’s 50 day simple moving average is $147.03 and its two-hundred day simple moving average is $147.19. The firm has a market cap of $3.16 billion, a P/E ratio of 38.25, a P/E/G ratio of 2.83 and a beta of 0.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.35 and a quick ratio of 1.46.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, January 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). Hawkins had a net margin of 7.75% and a return on equity of 16.85%. The business had revenue of $244.08 million for the quarter, compared to the consensus estimate of $252.51 million. As a group, research analysts forecast that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, February 13th. Hawkins’s dividend payout ratio is currently 19.24%.

Insider Activity

In other news, Director James A. Faulconbridge bought 1,500 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were purchased at an average price of $129.29 per share, for a total transaction of $193,935.00. Following the completion of the purchase, the director owned 50,907 shares in the company, valued at approximately $6,581,766.03. This represents a 3.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in shares of Hawkins by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 12,708 shares of the specialty chemicals company’s stock worth $2,322,000 after buying an additional 79 shares in the last quarter. Values First Advisors Inc. lifted its stake in shares of Hawkins by 0.8% in the first quarter. Values First Advisors Inc. now owns 9,855 shares of the specialty chemicals company’s stock worth $1,514,000 after buying an additional 79 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Hawkins by 8.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,070 shares of the specialty chemicals company’s stock worth $196,000 after buying an additional 83 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Hawkins by 4.7% in the fourth quarter. Truist Financial Corp now owns 1,852 shares of the specialty chemicals company’s stock worth $263,000 after buying an additional 83 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its stake in shares of Hawkins by 3.8% in the third quarter. Focus Financial Network Inc. now owns 2,283 shares of the specialty chemicals company’s stock worth $417,000 after buying an additional 84 shares in the last quarter. Institutional investors own 69.71% of the company’s stock.

Hawkins Company Profile

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.