Hawkins (NASDAQ:HWKN) Sets New 1-Year Low - Here's Why

Key Points

• Hawkins shares hit a new 52-week low, trading as low as $117.82 and closing down 0.7%, well below their 50-day and 200-day moving averages.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and a $171 consensus price target, while recent calls range from BWS Financial’s $200 “Buy” target to Zacks Research’s “Strong Sell” downgrade.
• Hawkins slightly missed quarterly earnings expectations, reporting $1.35 in EPS versus $1.39 expected, though revenue exceeded estimates at $315.68 million. The company also declared a quarterly dividend of $0.19 per share, yielding about 0.6%.

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $117.82 and last traded at $117.73, with a volume of 54078 shares traded. The stock had previously closed at $118.99.

Analyst Upgrades and Downgrades

HWKN has been the subject of several research reports. BWS Financial reaffirmed a "buy" rating and issued a $200.00 target price on shares of Hawkins in a research note on Monday, August 3rd. Weiss Ratings downgraded shares of Hawkins from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, July 14th. Barclays set a $142.00 price objective on shares of Hawkins and gave the stock an "equal weight" rating in a report on Friday, July 31st. Finally, Zacks Research cut shares of Hawkins from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Hawkins presently has an average rating of "Hold" and a consensus price target of $171.00.

Hawkins Trading Down 0.7%

The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.54 and a current ratio of 2.27. The firm has a 50-day moving average of $140.27 and a 200-day moving average of $147.72. The firm has a market capitalization of $2.47 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 2.45 and a beta of 0.79.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.04). Hawkins had a net margin of 7.29% and a return on equity of 15.42%. The company had revenue of $315.68 million during the quarter, compared to the consensus estimate of $313.42 million. On average, equities research analysts anticipate that Hawkins, Inc. will post 4.04 EPS for the current fiscal year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, August 14th. Hawkins's dividend payout ratio is currently 20.73%.

Institutional Investors Weigh In On Hawkins

A number of large investors have recently added to or reduced their stakes in HWKN. Kestra Advisory Services LLC bought a new position in shares of Hawkins during the fourth quarter valued at about $29,000. MBM Wealth Consultants LLC bought a new stake in shares of Hawkins in the first quarter worth about $33,000. Northwestern Mutual Wealth Management Co. purchased a new position in Hawkins during the 2nd quarter valued at about $37,000. Simplex Trading LLC raised its position in Hawkins by 246.0% during the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company's stock valued at $49,000 after purchasing an additional 246 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Hawkins during the 3rd quarter valued at approximately $79,000. Institutional investors own 69.71% of the company's stock.

About Hawkins

Hawkins, Inc NASDAQ: HWKN is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins' product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source