Hawkins (NASDAQ:HWKN) Shares Down 7.2% – Time to Sell?

Hawkins, Inc. (NASDAQ:HWKN)’s share price dropped 7.2% on Friday . The stock traded as low as $109.15 and last traded at $109.65. Approximately 29,181 shares were traded during trading, a decline of 72% from the average daily volume of 103,009 shares. The stock had previously closed at $118.10.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a report on Thursday, October 31st.

Hawkins Stock Down 7.0 %

The company has a market cap of $2.30 billion, a P/E ratio of 28.09, a PEG ratio of 4.51 and a beta of 0.84. 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 fifty day moving average price of $126.06 and a 200 day moving average price of $118.95.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 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 company had revenue of $247.03 million for the quarter, compared to the consensus estimate of $259.59 million. Equities research analysts forecast that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Dividend Announcement

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

Institutional Investors Weigh In On Hawkins

A number of institutional investors and hedge funds have recently made changes to their positions in HWKN. American Century Companies Inc. raised its stake in shares of Hawkins by 22.4% during the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock worth $32,825,000 after buying an additional 66,109 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in Hawkins by 11.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 457,342 shares of the specialty chemicals company’s stock worth $41,618,000 after acquiring an additional 47,129 shares during the period. FMR LLC raised its position in shares of Hawkins by 20.9% during the 3rd 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 last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Hawkins in the 3rd quarter valued at $5,528,000. Finally, State Street Corp boosted its position in shares of Hawkins by 5.4% in the 3rd 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 last quarter. Institutional investors own 69.71% of the company’s stock.

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.