Hawkins (NASDAQ:HWKN) Reaches New 1-Year High - Should You Buy?

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Saturday . The company traded as high as $139.60 and last traded at $135.77, with a volume of 205130 shares trading hands. The stock had previously closed at $133.05.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. BWS Financial reiterated a "buy" rating and set a $160.00 target price on shares of Hawkins in a research report on Thursday, May 15th. CJS Securities assumed coverage on Hawkins in a research report on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 target price on the stock. Finally, Wall Street Zen lowered Hawkins from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th.

Hawkins Stock Up 2.0%

The business has a fifty day simple moving average of $124.60 and a two-hundred day simple moving average of $118.42. The company has a current ratio of 2.50, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.82 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 3.80 and a beta of 0.85.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. The company had revenue of $245.32 million for the quarter, compared to analyst estimates of $230.69 million. Hawkins had a return on equity of 18.95% and a net margin of 8.60%. As a group, equities research analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.18 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a yield of 0.53%. Hawkins's payout ratio is currently 17.82%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Hawkins by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,378 shares of the specialty chemicals company's stock valued at $5,935,000 after purchasing an additional 4,861 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Hawkins by 67.3% during the 4th quarter. Tudor Investment Corp ET AL now owns 67,038 shares of the specialty chemicals company's stock worth $8,224,000 after acquiring an additional 26,970 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Hawkins during the 4th quarter worth $2,984,000. Cynosure Group LLC purchased a new position in shares of Hawkins during the 4th quarter worth $299,000. Finally, Deutsche Bank AG raised its holdings in shares of Hawkins by 48.3% during the 4th quarter. Deutsche Bank AG now owns 17,756 shares of the specialty chemicals company's stock worth $2,178,000 after acquiring an additional 5,785 shares during the period. Hedge funds and other institutional investors 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.