Hawkins (NASDAQ:HWKN) Hits New 1-Year High – What’s Next?

Shares of Hawkins, Inc. (NASDAQ:HWKN) reached a new 52-week high during trading on Tuesday . The company traded as high as $133.54 and last traded at $133.37, with a volume of 58418 shares traded. The stock had previously closed at $129.97.

Hawkins Stock Up 2.1 %

The firm has a market cap of $2.79 billion, a PE ratio of 36.11, a PEG ratio of 4.54 and a beta of 0.74. The business’s 50 day moving average price is $121.99 and its 200 day moving average price is $99.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.27 and a quick ratio of 1.44.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. The business had revenue of $255.88 million during the quarter, compared to analysts’ expectations of $254.30 million. Hawkins had a return on equity of 20.16% and a net margin of 8.75%. On average, equities research analysts expect that Hawkins, Inc. will post 4.14 earnings per share for the current year.

Hawkins Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, August 16th. This is a boost from Hawkins’s previous quarterly dividend of $0.16. Hawkins’s payout ratio is 20.06%.

Institutional Investors Weigh In On Hawkins

A number of hedge funds have recently modified their holdings of HWKN. GAMMA Investing LLC grew its stake in Hawkins by 71.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 168 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Hawkins during the 3rd quarter worth approximately $100,000. USA Financial Formulas grew its position in shares of Hawkins by 35.1% in the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 230 shares in the last quarter. Shell Asset Management Co. increased its holdings in shares of Hawkins by 36.9% in the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock valued at $180,000 after purchasing an additional 631 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Hawkins during the 1st quarter worth $212,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

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.