Hawkins (NASDAQ:HWKN) Hits New 1-Year High - Here's What Happened

Key Points

• Hawkins, Inc. (NASDAQ:HWKN) reached a new 52-week high of $185.16, with a current trading price of $184.75, marking an increase from the previous close of $177.50.
• The company recently increased its quarterly dividend from $0.18 to $0.19 per share, which will be paid to shareholders on August 29th.
• Hawkins reported $1.40 EPS for the last quarter, exceeding analyst expectations, alongside revenue of $293.27 million compared to consensus estimates of $278.76 million.

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $185.16 and last traded at $184.75, with a volume of 297046 shares trading hands. The stock had previously closed at $177.50.

Analyst Ratings Changes

HWKN has been the topic of several analyst reports. Raymond James Financial initiated coverage on shares of Hawkins in a report on Thursday, July 24th. They issued a "market perform" rating on the stock. BWS Financial lifted their target price on shares of Hawkins from $160.00 to $200.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Hawkins from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.

Hawkins Trading Up 4.1%

The stock has a market cap of $3.86 billion, a PE ratio of 45.51, a P/E/G ratio of 2.54 and a beta of 0.81. The business's fifty day moving average is $152.10 and its 200 day moving average is $127.54. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.59.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.07. The firm had revenue of $293.27 million for the quarter, compared to the consensus estimate of $278.76 million. Hawkins had a net margin of 8.37% and a return on equity of 18.35%. As a group, analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, August 15th. This is an increase from Hawkins's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Hawkins's dividend payout ratio (DPR) is presently 17.73%.

Hedge Funds Weigh In On Hawkins

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in Hawkins by 2.4% during the first quarter. Principal Financial Group Inc. now owns 101,785 shares of the specialty chemicals company's stock worth $10,781,000 after acquiring an additional 2,365 shares during the last quarter. Bessemer Group Inc. raised its position in Hawkins by 157,110.0% during the first quarter. Bessemer Group Inc. now owns 94,326 shares of the specialty chemicals company's stock worth $9,991,000 after acquiring an additional 94,266 shares during the last quarter. Bridges Investment Management Inc. raised its position in Hawkins by 111.1% during the first quarter. Bridges Investment Management Inc. now owns 9,289 shares of the specialty chemicals company's stock worth $984,000 after acquiring an additional 4,888 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Hawkins by 2.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 45,599 shares of the specialty chemicals company's stock worth $4,942,000 after acquiring an additional 1,298 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in Hawkins during the first quarter worth about $244,000. Institutional investors and hedge funds 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.

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