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

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

Hawkins Stock Performance

The company has a current ratio of 2.27, a quick ratio of 1.44 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $2.68 billion, a PE ratio of 36.27, a PEG ratio of 4.14 and a beta of 0.74. The business’s 50 day moving average is $118.64 and its 200 day moving average is $96.40.

Hawkins (NASDAQ:HWKN) last released 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. Hawkins had a return on equity of 20.16% and a net margin of 8.75%. The firm had revenue of $255.88 million for the quarter, compared to analysts’ expectations of $254.30 million. On average, equities research analysts predict that Hawkins, Inc. will post 4.14 earnings per share for the current fiscal year.

Hawkins Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.56%. This is an increase from Hawkins’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, August 16th. Hawkins’s dividend payout ratio (DPR) is 20.06%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Shell Asset Management Co. grew its position in shares of Hawkins by 36.9% during the 1st quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock worth $180,000 after buying an additional 631 shares in the last quarter. Valtinson Bruner Financial Planning LLC bought a new position in Hawkins during the 2nd quarter worth about $223,000. DDFG Inc purchased a new position in Hawkins during the 2nd quarter valued at about $236,000. Morgan Dempsey Capital Management LLC raised its holdings in shares of Hawkins by 5.1% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company’s stock valued at $239,000 after purchasing an additional 127 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Hawkins in the 1st quarter worth approximately $210,000. 69.71% of the stock is currently owned by institutional investors.

About Hawkins

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.