Hawkins (NASDAQ:HWKN) Trading Down 4.9% - Here's What Happened

Shares of Hawkins, Inc. (NASDAQ:HWKN - Get Free Report) fell 4.9% during mid-day trading on Friday . The stock traded as low as $124.58 and last traded at $127.35. 49,906 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 128,011 shares. The stock had previously closed at $133.98.

Wall Street Analyst Weigh In

Separately, BWS Financial cut shares of Hawkins from a "buy" rating to a "neutral" rating and set a $122.00 target price on the stock. in a report on Wednesday.

Hawkins Stock Down 5.5 %

The company has a quick ratio of 1.44, a current ratio of 2.27 and a debt-to-equity ratio of 0.29. The company's fifty day moving average is $122.91 and its 200-day moving average is $100.59. The company has a market cap of $2.66 billion, a PE ratio of 35.28, a PEG ratio of 4.54 and a beta of 0.74.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.37. Hawkins had a net margin of 8.75% and a return on equity of 20.16%. The business had revenue of $255.88 million for the quarter, compared to the consensus estimate of $254.30 million. On average, analysts predict that Hawkins, Inc. will post 4.14 EPS for the current year.

Hawkins Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.18 dividend. The ex-dividend date was Friday, August 16th. This is an increase from Hawkins's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 0.57%. Hawkins's dividend payout ratio (DPR) is presently 20.06%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HWKN. Capital Investment Advisors LLC bought a new stake in shares of Hawkins during the 3rd quarter valued at $225,000. Ellsworth Advisors LLC raised its position in shares of Hawkins by 1.2% during the 3rd quarter. Ellsworth Advisors LLC now owns 7,560 shares of the specialty chemicals company's stock valued at $964,000 after purchasing an additional 89 shares during the period. Creative Planning raised its position in shares of Hawkins by 30.6% during the 3rd quarter. Creative Planning now owns 4,340 shares of the specialty chemicals company's stock valued at $553,000 after purchasing an additional 1,016 shares during the period. Koshinski Asset Management Inc. bought a new stake in shares of Hawkins during the 3rd quarter valued at $282,000. Finally, Annex Advisory Services LLC raised its position in shares of Hawkins by 6.0% during the 3rd quarter. Annex Advisory Services LLC now owns 13,861 shares of the specialty chemicals company's stock valued at $1,767,000 after purchasing an additional 789 shares during the period. 69.71% of the stock is currently owned by 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.