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

Shares of Hawkins, Inc. (NASDAQ:HWKN) hit a new 52-week high during trading on Monday . The stock traded as high as $135.70 and last traded at $135.70, with a volume of 57626 shares trading hands. The stock had previously closed at $130.03.

Analyst Ratings Changes

Separately, BWS Financial reissued a “neutral” rating and issued a $122.00 target price on shares of Hawkins in a report on Thursday, October 31st.

Hawkins Stock Down 2.9 %

The company’s 50-day moving average price is $123.88 and its 200 day moving average price is $109.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The stock has a market cap of $2.79 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 4.70 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). The business had revenue of $247.03 million for the quarter, compared to analysts’ expectations of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. As a group, analysts forecast that Hawkins, Inc. will post 4.12 EPS for the current fiscal year.

Hawkins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.54%. Hawkins’s dividend payout ratio is currently 18.41%.

Institutional Trading of Hawkins

Hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC grew its stake in shares of Hawkins by 3.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,567 shares of the specialty chemicals company’s stock valued at $351,000 after acquiring an additional 132 shares during the period. Lazard Asset Management LLC increased its stake in shares of Hawkins by 33.8% in the first quarter. Lazard Asset Management LLC now owns 22,873 shares of the specialty chemicals company’s stock worth $1,755,000 after purchasing an additional 5,783 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Hawkins by 1.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,985 shares of the specialty chemicals company’s stock valued at $4,070,000 after purchasing an additional 693 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Hawkins by 7,343.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 22,555 shares of the specialty chemicals company’s stock valued at $1,732,000 after buying an additional 22,252 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Hawkins by 21.6% in the 1st quarter. Janus Henderson Group PLC now owns 43,243 shares of the specialty chemicals company’s stock worth $3,320,000 after buying an additional 7,683 shares during the period. 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.