Hawkins (NASDAQ:HWKN) Sets New 12-Month High - Here's What Happened

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $158.22 and last traded at $158.06, with a volume of 175175 shares changing hands. The stock had previously closed at $155.30.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HWKN. BWS Financial restated a "buy" rating and set a $160.00 target price on shares of Hawkins in a research report on Thursday, May 15th. Wall Street Zen downgraded shares of Hawkins from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, CJS Securities initiated coverage on shares of Hawkins in a report on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 price target for the company.

Hawkins Trading Up 2.3%

The company's 50-day moving average price is $138.10 and its 200-day moving average price is $121.36. 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 firm has a market capitalization of $3.41 billion, a PE ratio of 40.49, a PEG ratio of 2.67 and a beta of 0.85.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 EPS 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 net margin of 8.66% and a return on equity of 18.93%. On average, sell-side analysts expect that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.18 per share. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 0.44%. Hawkins's payout ratio is currently 17.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HWKN. Brooklyn Investment Group lifted its holdings in shares of Hawkins by 533.3% in the first quarter. Brooklyn Investment Group now owns 266 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 224 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of Hawkins in the fourth quarter valued at approximately $34,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Hawkins by 118.8% in the first 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. Caitong International Asset Management Co. Ltd acquired a new position in shares of Hawkins in the first quarter valued at approximately $42,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Hawkins in the fourth quarter valued at approximately $53,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

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.