Shares of Hawkins, Inc. (NASDAQ:HWKN – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $62.66 and last traded at $62.66, with a volume of 1812 shares traded. The stock had previously closed at $62.02.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. BWS Financial upgraded Hawkins from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Monday, August 7th. StockNews.com assumed coverage on shares of Hawkins in a report on Thursday, August 17th. They issued a “buy” rating on the stock.
Get Our Latest Research Report on Hawkins
Hawkins Trading Up 1.4 %
Hawkins (NASDAQ:HWKN – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The specialty chemicals company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.51. The business had revenue of $251.12 million during the quarter, compared to analysts’ expectations of $242.00 million. Hawkins had a return on equity of 18.31% and a net margin of 6.79%. On average, analysts expect that Hawkins, Inc. will post 3.4 earnings per share for the current fiscal year.
Hawkins Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Thursday, August 17th. This is an increase from Hawkins’s previous quarterly dividend of $0.15. Hawkins’s payout ratio is currently 21.05%.
Institutional Investors Weigh In On Hawkins
A number of hedge funds have recently made changes to their positions in HWKN. Captrust Financial Advisors grew its stake in Hawkins by 66.6% during the first quarter. Captrust Financial Advisors now owns 1,566 shares of the specialty chemicals company’s stock worth $72,000 after buying an additional 626 shares during the last quarter. Shell Asset Management Co. bought a new stake in Hawkins during the 2nd quarter worth approximately $108,000. Tower Research Capital LLC TRC increased its holdings in Hawkins by 17.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,520 shares of the specialty chemicals company’s stock valued at $98,000 after purchasing an additional 369 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Hawkins in the 1st quarter valued at $176,000. Finally, Advisory Services Network LLC acquired a new position in Hawkins in the first quarter worth $207,000. Institutional investors and hedge funds own 61.27% 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.
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