Hawkins (NASDAQ:HWKN) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Hawkins (NASDAQ:HWKN) posted its quarterly earnings data on Wednesday. The specialty chemicals company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02), reports. The firm had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Hawkins had a return on equity of 20.08% and a net margin of 8.74%.

Hawkins Price Performance

NASDAQ HWKN opened at $106.40 on Friday. Hawkins has a 1 year low of $53.64 and a 1 year high of $135.61. The business’s fifty day moving average is $122.48 and its two-hundred day moving average is $103.73. The stock has a market capitalization of $2.22 billion, a P/E ratio of 27.21, a P/E/G ratio of 3.91 and a beta of 0.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.44 and a current ratio of 2.27.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, November 15th. Hawkins’s payout ratio is 18.41%.

Hedge Funds Weigh In On Hawkins

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of Hawkins by 71.8% in the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 168 shares in the last quarter. Farther Finance Advisors LLC grew its position in Hawkins by 289.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 347 shares in the last quarter. SG Americas Securities LLC purchased a new position in Hawkins during the 3rd quarter worth approximately $100,000. USA Financial Formulas raised its stake in Hawkins by 35.1% during the 3rd quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 230 shares during the period. Finally, Shell Asset Management Co. lifted its holdings in shares of Hawkins by 36.9% in the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock valued at $180,000 after purchasing an additional 631 shares in the last quarter. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “neutral” rating and set a $122.00 target price on shares of Hawkins in a report on Thursday.

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.