Hawkins (NASDAQ:HWKN) Shares Down 5.6% After Earnings Miss

Hawkins, Inc. (NASDAQ:HWKN)’s share price fell 5.6% during trading on Thursday following a dissappointing earnings announcement. The company traded as low as $111.13 and last traded at $109.59. 31,160 shares traded hands during trading, a decline of 78% from the average session volume of 139,289 shares. The stock had previously closed at $116.11.

The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a return on equity of 19.64% and a net margin of 8.74%.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.66%. Hawkins’s dividend payout ratio (DPR) is currently 18.41%.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “neutral” rating and set a $122.00 price target on shares of Hawkins in a research note on Thursday, October 31st.

Institutional Investors Weigh In On Hawkins

Several large investors have recently made changes to their positions in HWKN. Larson Financial Group LLC boosted its position in Hawkins by 8,633.3% in the third quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 259 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Hawkins by 168.3% in the 4th quarter. Blue Trust Inc. now owns 373 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 234 shares in the last quarter. GAMMA Investing LLC grew its position in Hawkins by 71.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 168 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Hawkins by 289.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 347 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in Hawkins by 242.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 69.71% of the company’s stock.

Hawkins Trading Down 5.4 %

The business has a 50 day simple moving average of $124.09 and a 200 day simple moving average of $121.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 4.09 and a beta of 0.84.

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.