Hawkins (NASDAQ:HWKN) Shares Down 5.6% Following Weak Earnings

Hawkins, Inc. (NASDAQ:HWKNGet Free Report) fell 5.6% during trading on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $111.13 and last traded at $109.59. 31,160 shares were traded during mid-day trading, a decline of 78% from the average session volume of 139,289 shares. The stock had previously closed at $116.11.

The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). Hawkins had a net margin of 8.74% and a return on equity of 19.64%.

Hawkins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.68%. Hawkins’s payout ratio is 18.37%.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on Hawkins

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HWKN. Larson Financial Group LLC increased its stake in Hawkins by 8,633.3% in the third quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 259 shares during the last quarter. Blue Trust Inc. increased its stake in Hawkins by 155.4% in the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 216 shares during the last quarter. GAMMA Investing LLC increased its stake in Hawkins by 71.8% in the third 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 during the last quarter. Farther Finance Advisors LLC increased its stake in Hawkins by 289.2% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 347 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its stake in Hawkins by 242.5% in the third quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 325 shares during the last quarter. 69.71% of the stock is owned by institutional investors.

Hawkins Price Performance

The business’s 50 day moving average is $123.66 and its 200-day moving average is $120.96. The firm has a market capitalization of $2.22 billion, a P/E ratio of 27.19, a PEG ratio of 4.09 and a beta of 0.84. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21.

About Hawkins

(Get Free Report)

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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