Hawkins’ (HWKN) “Buy” Rating Reiterated at BWS Financial

BWS Financial reaffirmed their buy rating on shares of Hawkins (NASDAQ:HWKN) in a research report sent to investors on Monday,Benzinga reports. BWS Financial currently has a $200.00 target price on the specialty chemicals company’s stock.

Several other equities analysts have also commented on HWKN. Barclays set a $142.00 target price on Hawkins and gave the company an “equal weight” rating in a research note on Friday, July 31st. Weiss Ratings lowered Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $171.00.

Hawkins Stock Up 1.2%

HWKN stock opened at $135.29 on Monday. The stock has a market capitalization of $2.82 billion, a P/E ratio of 35.05, a PEG ratio of 2.54 and a beta of 0.79. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.54 and a current ratio of 2.27. Hawkins has a one year low of $117.98 and a one year high of $186.15. The company has a 50 day moving average price of $147.18 and a two-hundred day moving average price of $149.48.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.04). Hawkins had a net margin of 7.29% and a return on equity of 15.42%. The business had revenue of $315.68 million during the quarter, compared to analyst estimates of $313.42 million. As a group, sell-side analysts expect that Hawkins will post 4.04 EPS for the current year.

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.76 dividend on an annualized basis and a yield of 0.6%. Hawkins’s dividend payout ratio (DPR) is currently 19.69%.

Institutional Trading of Hawkins

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new position in shares of Hawkins in the 4th quarter worth $29,000. MBM Wealth Consultants LLC purchased a new stake in Hawkins during the first quarter valued at about $33,000. Sound Income Strategies LLC purchased a new stake in Hawkins during the fourth quarter valued at about $34,000. Simplex Trading LLC increased its stake in Hawkins by 246.0% during the fourth quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after acquiring an additional 246 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Hawkins during the third quarter worth about $79,000. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Company Profile

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.