Hawkins (NASDAQ:HWKN) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Hawkins (NASDAQ:HWKN) issued its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02), FiscalAI reports. Hawkins had a net margin of 7.75% and a return on equity of 16.85%. The business had revenue of $265.91 million during the quarter, compared to the consensus estimate of $255.28 million.

Hawkins Trading Down 4.0%

Shares of NASDAQ HWKN traded down $6.76 during midday trading on Wednesday, reaching $161.83. The stock had a trading volume of 210,138 shares, compared to its average volume of 169,644. The company’s 50 day moving average price is $153.61 and its 200 day moving average price is $146.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.46 and a current ratio of 2.35. Hawkins has a twelve month low of $115.35 and a twelve month high of $186.15. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 40.97, a price-to-earnings-growth ratio of 3.23 and a beta of 0.81.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Hawkins in a research report on Friday, April 10th. BWS Financial reissued a “buy” rating and issued a $200.00 price objective 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $200.00.

Hedge Funds Weigh In On Hawkins

Hedge funds have recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in Hawkins during the 3rd quarter worth about $734,000. Gotham Asset Management LLC lifted its stake in shares of Hawkins by 98.8% in the 4th quarter. Gotham Asset Management LLC now owns 3,366 shares of the specialty chemicals company’s stock valued at $478,000 after purchasing an additional 1,673 shares during the period. Engineers Gate Manager LP bought a new stake in shares of Hawkins during the 2nd quarter valued at about $441,000. CIBC Bancorp USA Inc. acquired a new stake in Hawkins during the third quarter worth approximately $380,000. Finally, Diversify Advisory Services LLC acquired a new stake in Hawkins during the second quarter worth approximately $320,000. 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.