Hawkins (NASDAQ:HWKN) Trading Down 7.2% – What’s Next?

Hawkins, Inc. (NASDAQ:HWKN)’s share price dropped 7.2% during mid-day trading on Friday . The company traded as low as $109.15 and last traded at $109.65. Approximately 29,181 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 103,009 shares. The stock had previously closed at $118.10.

Analyst Ratings Changes

Separately, BWS Financial reissued a “neutral” rating and set a $122.00 price target on shares of Hawkins in a research note on Thursday, October 31st.

Hawkins Trading Down 5.6 %

The business’s 50-day simple moving average is $125.99 and its 200-day simple moving average is $118.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 4.51 and a beta of 0.84.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). Hawkins had a net margin of 8.74% and a return on equity of 19.64%. The firm had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. On average, research analysts expect that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.65%. Hawkins’s dividend payout ratio is presently 18.41%.

Institutional Investors Weigh In On Hawkins

Several institutional investors have recently added to or reduced their stakes in HWKN. Larson Financial Group LLC grew its holdings in shares of Hawkins by 8,633.3% during the third quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 259 shares in the last quarter. GAMMA Investing LLC boosted its position in Hawkins by 71.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 168 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Hawkins by 289.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock worth $59,000 after acquiring an additional 347 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Hawkins by 242.5% in the third quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 325 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Hawkins in the third quarter worth $100,000. 69.71% of the stock is owned by institutional investors.

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.