Hawkins (NASDAQ:HWKN) Trading Down 7.2% - What's Next?

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report) was down 7.2% during mid-day trading on Friday . The company traded as low as $109.15 and last traded at $109.65. Approximately 29,181 shares traded hands during trading, a decline of 72% from the average daily volume of 103,009 shares. The stock had previously closed at $118.10.

Wall Street Analyst Weigh In

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

Hawkins Price Performance

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 firm has a market capitalization of $2.30 billion, a PE ratio of 28.09, a PEG ratio of 4.51 and a beta of 0.84. The firm's fifty day simple moving average is $125.99 and its 200-day simple moving average is $118.59.

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

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.18 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.72 annualized dividend and a yield of 0.66%. Hawkins's dividend payout ratio (DPR) is presently 18.41%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HWKN. Larson Financial Group LLC raised its holdings 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 worth $33,000 after buying an additional 259 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Hawkins by 71.8% during 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 last quarter. Farther Finance Advisors LLC raised its holdings in shares of Hawkins by 289.2% during the third 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 during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Hawkins by 242.5% during 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 during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Hawkins during the third quarter valued at approximately $100,000. 69.71% of the stock is owned by hedge funds and other institutional investors.

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.