CJS Securities Initiates Coverage on Hawkins (NASDAQ:HWKN)

Equities research analysts at CJS Securities started coverage on shares of Hawkins (NASDAQ:HWKN - Get Free Report) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage set a "market outperform" rating and a $125.00 price target on the specialty chemicals company's stock. CJS Securities' target price suggests a potential upside of 16.72% from the stock's previous close.

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

Hawkins Stock Performance

NASDAQ:HWKN traded down $0.48 during mid-day trading on Tuesday, reaching $107.09. 164,210 shares of the stock were exchanged, compared to its average volume of 123,696. The stock has a market capitalization of $2.24 billion, a P/E ratio of 27.32, a P/E/G ratio of 3.80 and a beta of 0.82. Hawkins has a 1 year low of $71.98 and a 1 year high of $139.55. The company has a 50 day simple moving average of $108.07 and a 200-day simple moving average of $118.38. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23.

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

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vermillion Wealth Management Inc. acquired a new position in Hawkins during the 4th quarter worth approximately $34,000. Public Employees Retirement System of Ohio boosted its stake in shares of Hawkins by 13.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 25,556 shares of the specialty chemicals company's stock valued at $3,135,000 after buying an additional 3,052 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Hawkins by 11.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,378 shares of the specialty chemicals company's stock worth $5,935,000 after acquiring an additional 4,861 shares during the period. Squarepoint Ops LLC purchased a new position in Hawkins in the fourth quarter worth $1,754,000. Finally, ProShare Advisors LLC lifted its holdings in Hawkins by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 5,822 shares of the specialty chemicals company's stock valued at $714,000 after acquiring an additional 1,794 shares during the period. 69.71% of the stock is currently owned by institutional investors and hedge funds.

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.