Hawkins, Inc. (NASDAQ:HWKN) Receives $162.50 Average Target Price from Analysts

Shares of Hawkins, Inc. (NASDAQ:HWKNGet Free Report) have received an average rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $162.50.

Several analysts have issued reports on HWKN shares. Wall Street Zen cut Hawkins from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Hawkins in a research note on Saturday, September 27th. Zacks Research lowered shares of Hawkins from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Raymond James Financial began coverage on shares of Hawkins in a report on Thursday, July 24th. They issued a “market perform” rating on the stock. Finally, BWS Financial boosted their price objective on shares of Hawkins from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, August 1st.

Check Out Our Latest Report on Hawkins

Institutional Investors Weigh In On Hawkins

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in Hawkins by 2.4% in the first quarter. Principal Financial Group Inc. now owns 101,785 shares of the specialty chemicals company’s stock worth $10,781,000 after acquiring an additional 2,365 shares in the last quarter. Bridges Investment Management Inc. raised its position in shares of Hawkins by 111.1% in the 1st quarter. Bridges Investment Management Inc. now owns 9,289 shares of the specialty chemicals company’s stock valued at $984,000 after purchasing an additional 4,888 shares during the last quarter. Bessemer Group Inc. boosted its stake in Hawkins by 157,110.0% in the 1st quarter. Bessemer Group Inc. now owns 94,326 shares of the specialty chemicals company’s stock worth $9,991,000 after purchasing an additional 94,266 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Hawkins by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 45,599 shares of the specialty chemicals company’s stock worth $4,942,000 after purchasing an additional 1,298 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in Hawkins during the 1st quarter worth approximately $244,000. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Hawkins Stock Up 0.5%

NASDAQ:HWKN opened at $182.88 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.31 and a quick ratio of 1.45. The firm has a market cap of $3.82 billion, a PE ratio of 45.04, a price-to-earnings-growth ratio of 2.59 and a beta of 0.84. The company has a 50-day moving average of $171.87 and a 200 day moving average of $144.84. Hawkins has a 1-year low of $98.30 and a 1-year high of $185.50.

Hawkins (NASDAQ:HWKNGet Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.33 by $0.07. The business had revenue of $293.27 million during the quarter, compared to analyst estimates of $278.76 million. Hawkins had a net margin of 8.37% and a return on equity of 18.35%. As a group, research analysts anticipate that Hawkins will post 4 EPS for the current fiscal year.

Hawkins Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Hawkins’s previous quarterly dividend of $0.18. Hawkins’s payout ratio is 18.72%.

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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Analyst Recommendations for Hawkins (NASDAQ:HWKN)

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