Hawkins (NASDAQ:HWKN) Stock Price Up 4.9% - Still a Buy?

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report) shares shot up 4.9% during mid-day trading on Wednesday . The company traded as high as $122.02 and last traded at $121.25. 73,623 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 99,152 shares. The stock had previously closed at $115.54.

Wall Street Analyst Weigh In

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

Hawkins Stock Up 2.2 %

The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.47 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 4.51 and a beta of 0.84. The firm has a 50-day moving average of $125.76 and a two-hundred day moving average of $118.60.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). Hawkins had a return on equity of 19.64% and a net margin of 8.74%. The business had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million. Equities research analysts predict that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.61%. Hawkins's dividend payout ratio is currently 18.41%.

Institutional Investors Weigh In On Hawkins

Institutional investors have recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in Hawkins by 8,633.3% during the 3rd quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company's stock valued at $33,000 after acquiring an additional 259 shares during the period. GAMMA Investing LLC boosted its stake in shares of Hawkins by 71.8% in the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company's stock valued at $51,000 after purchasing an additional 168 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Hawkins by 242.5% in the third 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 in the last quarter. Farther Finance Advisors LLC increased its stake in Hawkins by 289.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company's stock worth $59,000 after buying an additional 347 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Hawkins during the 3rd quarter worth approximately $100,000. 69.71% of the stock is 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.