Hawkins (NASDAQ:HWKN) Sets New 52-Week High – Here’s What Happened

Hawkins, Inc. (NASDAQ:HWKN) hit a new 52-week high during trading on Monday . The stock traded as high as $135.70 and last traded at $135.70, with a volume of 57626 shares. The stock had previously closed at $130.03.

Wall Street Analysts Forecast Growth

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

Hawkins Stock Performance

The business has a fifty day moving average of $123.88 and a 200-day moving average of $109.84. The company has a market cap of $2.79 billion, a PE ratio of 34.02, a P/E/G ratio of 4.70 and a beta of 0.77. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.02). Hawkins had a net margin of 8.74% and a return on equity of 19.64%. The business had revenue of $247.03 million for the quarter, compared to analysts’ expectations of $259.59 million. Equities research analysts anticipate that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.54%. Hawkins’s dividend payout ratio is 18.41%.

Hedge Funds Weigh In On Hawkins

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Westwood Holdings Group Inc. purchased a new position in shares of Hawkins during the 1st quarter worth approximately $31,504,000. American Century Companies Inc. boosted its position in shares of Hawkins by 22.4% during the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock valued at $32,825,000 after purchasing an additional 66,109 shares in the last quarter. Aptus Capital Advisors LLC purchased a new stake in Hawkins in the second quarter worth $4,741,000. FMR LLC raised its holdings in Hawkins by 20.9% in the third quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock worth $32,663,000 after purchasing an additional 44,351 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Hawkins during the third quarter valued at $5,528,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

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.