Wall Street Zen lowered shares of Hawkins (NASDAQ:HWKN - Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.
Several other research firms have also recently weighed in on HWKN. CJS Securities started coverage on shares of Hawkins in a report on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 price objective for the company. BWS Financial reissued a "buy" rating and set a $160.00 price objective on shares of Hawkins in a report on Thursday, May 15th.
Read Our Latest Analysis on Hawkins
Hawkins Stock Up 1.2%
Hawkins stock traded up $1.83 during trading hours on Friday, hitting $152.43. The stock had a trading volume of 178,542 shares, compared to its average volume of 130,870. The company has a quick ratio of 1.37, a current ratio of 2.15 and a debt-to-equity ratio of 0.30. The stock's 50-day moving average price is $131.69 and its 200-day moving average price is $119.31. Hawkins has a 12-month low of $89.59 and a 12-month high of $153.05. The stock has a market capitalization of $3.18 billion, a P/E ratio of 37.73, a price-to-earnings-growth ratio of 2.55 and a beta of 0.85.
Hawkins (NASDAQ:HWKN - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. Hawkins had a net margin of 8.66% and a return on equity of 18.93%. The firm had revenue of $245.32 million during the quarter, compared to analysts' expectations of $230.69 million. Equities research analysts anticipate that Hawkins will post 4 EPS for the current fiscal year.
Hawkins Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 0.47%. Hawkins's dividend payout ratio (DPR) is 17.82%.
Institutional Trading of Hawkins
Several large investors have recently added to or reduced their stakes in HWKN. Smartleaf Asset Management LLC grew its position in Hawkins by 262.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock valued at $55,000 after buying an additional 320 shares during the period. Proficio Capital Partners LLC bought a new stake in Hawkins during the fourth quarter valued at approximately $2,984,000. Raymond James Financial Inc. bought a new position in shares of Hawkins in the fourth quarter worth approximately $13,087,000. Amundi bought a new position in shares of Hawkins in the fourth quarter worth approximately $271,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hawkins by 14.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,403 shares of the specialty chemicals company's stock worth $785,000 after purchasing an additional 798 shares during the period. 69.71% of the stock is currently owned by institutional investors.
About Hawkins
(
Get Free Report)
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.
Featured Stories
Before you consider Hawkins, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hawkins wasn't on the list.
While Hawkins currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.