Hawkins, Inc. (NASDAQ:HWKN) Short Interest Update

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 645,100 shares, a drop of 31.3% from the February 13th total of 939,000 shares. Based on an average daily trading volume, of 136,400 shares, the short-interest ratio is presently 4.7 days. Approximately 3.4% of the shares of the company are short sold.

Hawkins Stock Performance

NASDAQ HWKN traded down $1.98 during trading hours on Thursday, reaching $105.01. 97,259 shares of the company were exchanged, compared to its average volume of 120,079. Hawkins has a 1 year low of $71.20 and a 1 year high of $139.55. The business's 50 day simple moving average is $109.75 and its 200-day simple moving average is $119.32. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.20 billion, a P/E ratio of 26.79, a P/E/G ratio of 3.80 and a beta of 0.77.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. On average, equities research analysts expect that Hawkins will post 4 earnings per share for the current year.

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Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a yield of 0.69%. Hawkins's dividend payout ratio is presently 18.37%.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a "neutral" rating and set a $122.00 price objective on shares of Hawkins in a report on Friday, January 31st.

Hedge Funds Weigh In On Hawkins

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its position in Hawkins by 5.4% during the third quarter. State Street Corp now owns 755,995 shares of the specialty chemicals company's stock worth $96,367,000 after purchasing an additional 38,877 shares during the period. Geode Capital Management LLC boosted its position in Hawkins by 3.6% during the third quarter. Geode Capital Management LLC now owns 523,514 shares of the specialty chemicals company's stock worth $66,743,000 after purchasing an additional 18,119 shares during the period. Wasatch Advisors LP bought a new position in Hawkins during the fourth quarter worth about $42,466,000. FMR LLC boosted its position in shares of Hawkins by 20.9% in the third quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company's stock valued at $32,663,000 after acquiring an additional 44,351 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Hawkins by 487.7% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 254,837 shares of the specialty chemicals company's stock valued at $31,260,000 after acquiring an additional 211,472 shares during the period. Institutional investors 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.