Hawkins (NASDAQ:HWKN) Issues Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Hawkins (NASDAQ:HWKN - Get Free Report) released its earnings results on Wednesday. The specialty chemicals company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.16), Zacks reports. Hawkins had a return on equity of 18.35% and a net margin of 8.37%.

Hawkins Stock Down 4.0%

Shares of HWKN stock traded down $6.65 during trading hours on Wednesday, hitting $158.58. 162,260 shares of the company were exchanged, compared to its average volume of 148,145. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.31. Hawkins has a one year low of $98.30 and a one year high of $186.15. The business's 50-day simple moving average is $171.67 and its two-hundred day simple moving average is $152.21. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 39.06, a P/E/G ratio of 2.40 and a beta of 0.84.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Zacks Research cut Hawkins from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 22nd. Wall Street Zen lowered Hawkins from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. BWS Financial increased their price target on Hawkins from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Weiss Ratings restated a "buy (b-)" rating on shares of Hawkins in a report on Tuesday, October 14th. Finally, Raymond James Financial initiated coverage on Hawkins in a report on Thursday, July 24th. They set a "market perform" rating for the company. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $162.50.

Check Out Our Latest Analysis on HWKN

Hedge Funds Weigh In On Hawkins

Large investors have recently bought and sold shares of the business. Public Sector Pension Investment Board increased its stake in shares of Hawkins by 6.9% during the second quarter. Public Sector Pension Investment Board now owns 64,552 shares of the specialty chemicals company's stock valued at $9,173,000 after acquiring an additional 4,157 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of Hawkins during the second quarter valued at approximately $208,000. Tower Research Capital LLC TRC increased its stake in shares of Hawkins by 605.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,073 shares of the specialty chemicals company's stock valued at $295,000 after acquiring an additional 1,779 shares during the period. Tidal Investments LLC increased its stake in shares of Hawkins by 38.9% during the second quarter. Tidal Investments LLC now owns 5,208 shares of the specialty chemicals company's stock valued at $740,000 after acquiring an additional 1,459 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of Hawkins during the second quarter valued at approximately $441,000. Institutional investors own 69.71% of the company's stock.

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.

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