Hawkins (NASDAQ:HWKN) Receives Neutral Rating from BWS Financial

Hawkins (NASDAQ:HWKN)‘s stock had its “neutral” rating reissued by equities research analysts at BWS Financial in a note issued to investors on Thursday, Benzinga reports. They presently have a $122.00 price objective on the specialty chemicals company’s stock. BWS Financial’s price objective indicates a potential upside of 14.66% from the stock’s previous close.

Hawkins Trading Down 0.5 %

NASDAQ HWKN opened at $106.40 on Thursday. Hawkins has a 52 week low of $53.64 and a 52 week high of $135.61. The company has a 50 day moving average price of $122.48 and a 200 day moving average price of $103.73. The company has a quick ratio of 1.44, a current ratio of 2.27 and a debt-to-equity ratio of 0.29. The firm has a market cap of $2.22 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 3.91 and a beta of 0.74.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). Hawkins had a net margin of 8.74% and a return on equity of 20.08%. The business had revenue of $247.03 million for the quarter, compared to analysts’ expectations of $259.59 million. As a group, sell-side analysts forecast that Hawkins will post 4.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Westwood Holdings Group Inc. purchased a new stake in Hawkins during the 1st quarter valued at about $31,504,000. American Century Companies Inc. boosted its position in Hawkins by 22.4% in the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock valued at $32,825,000 after buying an additional 66,109 shares during the last quarter. Vanguard Group Inc. increased its holdings in Hawkins by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 1,516,717 shares of the specialty chemicals company’s stock worth $106,807,000 after buying an additional 62,224 shares during the period. Nordea Investment Management AB raised its position in Hawkins by 116.9% during the 1st quarter. Nordea Investment Management AB now owns 104,537 shares of the specialty chemicals company’s stock worth $8,049,000 after buying an additional 56,330 shares during the last quarter. Finally, Aptus Capital Advisors LLC acquired a new stake in Hawkins during the 2nd quarter valued at approximately $4,741,000. Institutional investors and hedge funds own 69.71% of the company’s stock.

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.