Hawkins, Inc. (NASDAQ:HWKN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Hawkins, Inc. (NASDAQ:HWKN) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $162.50.

Several research analysts recently weighed in on HWKN shares. Zacks Research raised shares of Hawkins from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. BWS Financial restated a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Hawkins in a research report on Monday, December 29th.

Insider Buying and Selling at Hawkins

In related news, VP Drew M. Grahek bought 1,587 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average cost of $126.34 per share, with a total value of $200,501.58. Following the completion of the purchase, the vice president owned 39,640 shares of the company’s stock, valued at approximately $5,008,117.60. The trade was a 4.17% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HWKN. Salomon & Ludwin LLC purchased a new position in Hawkins during the third quarter worth approximately $27,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Hawkins in the 2nd quarter valued at $31,000. First Horizon Corp acquired a new stake in shares of Hawkins in the 3rd quarter worth $34,000. Aster Capital Management DIFC Ltd raised its holdings in shares of Hawkins by 62.2% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock worth $55,000 after acquiring an additional 115 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of Hawkins by 694.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 405 shares of the specialty chemicals company’s stock valued at $74,000 after acquiring an additional 354 shares during the last quarter. Institutional investors own 69.71% of the company’s stock.

Hawkins Trading Up 2.6%

Hawkins stock opened at $157.66 on Friday. The firm has a 50 day moving average of $137.42 and a 200 day moving average of $156.15. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 39.61, a P/E/G ratio of 2.44 and a beta of 0.86. Hawkins has a 12-month low of $98.30 and a 12-month high of $186.15. The company has a current ratio of 2.43, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, October 29th. The specialty chemicals company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.16). The firm had revenue of $280.43 million for the quarter, compared to analysts’ expectations of $284.42 million. Hawkins had a net margin of 7.95% and a return on equity of 17.42%. As a group, research analysts predict that Hawkins will post 4 earnings per share for the current year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a dividend of $0.19 per share. The ex-dividend date was Friday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 0.5%. Hawkins’s dividend payout ratio (DPR) is presently 19.10%.

Hawkins Company Profile

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.