Free Trial

Hawkins (NASDAQ:HWKN) Cut to Hold at Wall Street Zen

Hawkins logo with Basic Materials background

Wall Street Zen lowered shares of Hawkins (NASDAQ:HWKN - Free Report) from a buy rating to a hold rating in a report issued on Saturday.

Several other equities research analysts have also recently issued reports on HWKN. BWS Financial reiterated a "buy" rating and issued a $160.00 price objective on shares of Hawkins in a report on Thursday, May 15th. CJS Securities began coverage on Hawkins in a research report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 target price on the stock.

View Our Latest Stock Analysis on HWKN

Hawkins Price Performance

Shares of HWKN stock traded down $1.00 during trading hours on Friday, hitting $152.50. 202,971 shares of the company's stock were exchanged, compared to its average volume of 131,801. Hawkins has a fifty-two week low of $89.62 and a fifty-two week high of $155.84. The firm has a market cap of $3.18 billion, a P/E ratio of 37.75, a P/E/G ratio of 2.56 and a beta of 0.85. 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 firm has a 50 day moving average of $132.87 and a two-hundred day moving average of $119.75.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. Hawkins had a net margin of 8.66% and a return on equity of 18.93%. The company had revenue of $245.32 million during the quarter, compared to analysts' expectations of $230.69 million. Sell-side analysts forecast that Hawkins will post 4 EPS for the current year.

Hawkins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, May 30th. Hawkins's dividend payout ratio is currently 17.82%.

Institutional Trading of Hawkins

A number of hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group boosted its holdings in shares of Hawkins by 533.3% during the 1st quarter. Brooklyn Investment Group now owns 266 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 224 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Hawkins by 118.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 152 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new position in Hawkins during the fourth quarter worth $34,000. Caitong International Asset Management Co. Ltd purchased a new stake in Hawkins in the 1st quarter valued at $42,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Hawkins in the 1st quarter worth $52,000. Institutional investors and hedge funds own 69.71% of the company's stock.

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.

Recommended Stories

Should You Invest $1,000 in Hawkins Right Now?

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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

ACT FAST! Congress is Dumping these 3 Stocks
3 “Boring” Mega Cap Stocks to Turn Into Pure Profit
Joby vs. Archer: The $10 Billion eVTOL Battle

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines