Hawkins (NASDAQ:HWKN) Sets New 12-Month High at $127.53

Hawkins, Inc. (NASDAQ:HWKN)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $127.53 and last traded at $127.39, with a volume of 12327 shares trading hands. The stock had previously closed at $125.44.

Hawkins Stock Up 1.1 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.44 and a current ratio of 2.27. The business’s 50 day moving average is $117.82 and its 200-day moving average is $95.67. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 4.14 and a beta of 0.74.

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

Hawkins Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.18 dividend. This is a boost from Hawkins’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, August 16th. Hawkins’s dividend payout ratio is presently 20.06%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Shell Asset Management Co. raised its stake in Hawkins by 36.9% during the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock worth $180,000 after purchasing an additional 631 shares during the period. Valtinson Bruner Financial Planning LLC acquired a new position in Hawkins in the second quarter valued at approximately $223,000. DDFG Inc acquired a new position in Hawkins in the second quarter valued at approximately $236,000. Morgan Dempsey Capital Management LLC grew its position in Hawkins by 5.1% in the second quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company’s stock worth $239,000 after acquiring an additional 127 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in Hawkins during the first quarter worth $210,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

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.