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

Hawkins (NASDAQ:HWKN) issued its quarterly earnings results on Wednesday. The specialty chemicals company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02), reports. The company had revenue of $247.03 million for 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 Trading Down 8.9 %

NASDAQ HWKN opened at $106.90 on Friday. The firm has a market capitalization of $2.23 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 3.91 and a beta of 0.74. Hawkins has a one year low of $53.64 and a one year high of $135.61. The company has a 50-day simple moving average of $123.14 and a 200-day simple moving average of $103.51. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.18 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.67%. Hawkins’s payout ratio is currently 18.41%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Hawkins

A number of large investors have recently bought and sold shares of HWKN. Westwood Holdings Group Inc. bought a new position in Hawkins during the 1st quarter worth $31,504,000. American Century Companies Inc. grew its position in shares of Hawkins by 22.4% during the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock worth $32,825,000 after acquiring an additional 66,109 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 62,224 shares during the period. Nordea Investment Management AB lifted its position in Hawkins by 116.9% in the 1st quarter. Nordea Investment Management AB now owns 104,537 shares of the specialty chemicals company’s stock valued at $8,049,000 after purchasing an additional 56,330 shares during the last quarter. Finally, Aptus Capital Advisors LLC acquired a new position in Hawkins during the 2nd quarter valued at about $4,741,000. Institutional investors own 69.71% of the company’s stock.

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.