Hawkins, Inc. (NASDAQ:HWKN) Sees Significant Decline in Short Interest

Hawkins, Inc. (NASDAQ:HWKNGet Free Report) saw a large drop in short interest in the month of February. As of February 29th, there was short interest totalling 623,100 shares, a drop of 5.1% from the February 14th total of 656,300 shares. Based on an average daily volume of 126,000 shares, the days-to-cover ratio is presently 4.9 days. Currently, 3.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Hawkins

Several large investors have recently made changes to their positions in the company. AJOVista LLC purchased a new stake in Hawkins during the fourth quarter valued at $26,000. Centerpoint Advisors LLC purchased a new position in Hawkins in the third quarter worth about $29,000. Captrust Financial Advisors increased 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 acquiring an additional 626 shares during the last quarter. USA Financial Formulas purchased a new stake in Hawkins during the fourth quarter valued at approximately $77,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Hawkins by 17.2% in 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 during the last quarter. 61.29% of the stock is owned by institutional investors.

Hawkins Trading Up 2.3 %

Shares of HWKN stock opened at $76.13 on Monday. The stock has a fifty day simple moving average of $67.38 and a two-hundred day simple moving average of $63.96. Hawkins has a 52-week low of $39.20 and a 52-week high of $77.90. The firm has a market capitalization of $1.59 billion, a PE ratio of 21.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.45.

Hawkins (NASDAQ:HWKNGet Free Report) last issued its earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.10. Hawkins had a return on equity of 19.54% and a net margin of 7.91%. The company had revenue of $208.50 million for the quarter, compared to the consensus estimate of $221.24 million. On average, analysts predict that Hawkins will post 3.61 EPS for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, February 15th. Hawkins’s dividend payout ratio (DPR) is presently 18.39%.

Analyst Ratings Changes

Separately, StockNews.com cut Hawkins from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

View Our Latest Stock Report on Hawkins

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.

Recommended Stories

Receive News & Ratings for Hawkins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawkins and related companies with MarketBeat.com's FREE daily email newsletter.