Hawkins (NASDAQ:HWKN) Hits New 12-Month High - What's Next?

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $140.90 and last traded at $141.12, with a volume of 45010 shares trading hands. The stock had previously closed at $137.28.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Hawkins from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. CJS Securities assumed coverage on shares of Hawkins in a report on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 target price on the stock. Finally, BWS Financial restated a "buy" rating and set a $160.00 target price on shares of Hawkins in a report on Thursday, May 15th.

Hawkins Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.37 and a current ratio of 2.15. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 2.32 and a beta of 0.85. The business's fifty day simple moving average is $128.71 and its 200 day simple moving average is $118.64.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 EPS 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 firm had revenue of $245.32 million for the quarter, compared to analyst estimates of $230.69 million. Research analysts predict that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently disclosed 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Friday, May 30th. Hawkins's dividend payout ratio is presently 17.82%.

Institutional Investors Weigh In On Hawkins

Institutional investors have recently modified their holdings of the business. Brooklyn Investment Group grew its position 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 valued at $28,000 after buying an additional 224 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of Hawkins during the 4th quarter valued at about $34,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Hawkins by 118.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 152 shares during the last quarter. Blue Trust Inc. grew its position in shares of Hawkins by 155.4% during the 4th quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock valued at $44,000 after buying an additional 216 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Hawkins in the 1st quarter worth about $42,000. Institutional investors own 69.71% of the company's stock.

About Hawkins

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.