Hawkins, Inc. (NASDAQ:HWKN – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 552,700 shares, a decline of 5.9% from the July 15th total of 587,600 shares. Based on an average trading volume of 129,800 shares, the days-to-cover ratio is presently 4.3 days. Currently, 2.9% of the company’s stock are sold short.
Analyst Upgrades and Downgrades
Separately, BWS Financial boosted their price target on shares of Hawkins from $74.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, May 17th.
View Our Latest Stock Report on Hawkins
Insiders Place Their Bets
Institutional Investors Weigh In On Hawkins
Hedge funds and other institutional investors have recently modified their holdings of the stock. AJOVista LLC bought a new stake in shares of Hawkins during the fourth quarter valued at about $26,000. USA Financial Formulas bought a new stake in shares of Hawkins during the fourth quarter valued at about $77,000. Quest Partners LLC bought a new stake in shares of Hawkins during the fourth quarter valued at about $108,000. AXS Investments LLC bought a new stake in shares of Hawkins during the fourth quarter valued at about $179,000. Finally, Shell Asset Management Co. increased its position in shares of Hawkins by 36.9% during the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock valued at $180,000 after buying an additional 631 shares during the period. 69.71% of the stock is currently owned by institutional investors.
Hawkins Price Performance
NASDAQ HWKN opened at $118.74 on Wednesday. The company has a market cap of $2.49 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 5.51 and a beta of 0.72. Hawkins has a 52 week low of $53.64 and a 52 week high of $123.82. The company has a quick ratio of 1.24, a current ratio of 2.27 and a debt-to-equity ratio of 0.29. The firm’s 50-day simple moving average is $101.97 and its two-hundred day simple moving average is $85.17.
Hawkins Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.18 per share. The ex-dividend date is 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 0.61%. Hawkins’s dividend payout ratio is 20.06%.
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.
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