Hawkins, Inc. (NASDAQ:HWKN) Short Interest Up 18.8% in June

Hawkins, Inc. (NASDAQ:HWKN) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 67,500 shares, an increase of 18.8% from the June 15th total of 56,800 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 40,200 shares, the short-interest ratio is currently 1.7 days.

A number of institutional investors and hedge funds have recently bought and sold shares of HWKN. BNP Paribas Arbitrage SA increased its holdings in Hawkins by 13.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,861 shares of the specialty chemicals company’s stock worth $137,000 after acquiring an additional 452 shares during the period. GSA Capital Partners LLP bought a new stake in Hawkins during the 1st quarter worth approximately $217,000. State Street Corp increased its holdings in Hawkins by 9.5% during the 1st quarter. State Street Corp now owns 327,051 shares of the specialty chemicals company’s stock worth $11,643,000 after acquiring an additional 28,317 shares during the period. Advisor Group Holdings Inc. bought a new stake in Hawkins during the 1st quarter worth approximately $985,000. Finally, Dalton Greiner Hartman Maher & Co. bought a new position in shares of Hawkins in the 1st quarter worth $2,413,000. 59.47% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on HWKN. TheStreet raised shares of Hawkins from a “c+” rating to a “b-” rating in a report on Tuesday, June 16th. BidaskClub raised shares of Hawkins from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. BWS Financial upped their target price on shares of Hawkins from $44.00 to $52.50 and gave the company a “buy” rating in a report on Monday, June 15th. ValuEngine cut shares of Hawkins from a “hold” rating to a “sell” rating in a report on Monday, June 1st. Finally, Zacks Investment Research raised shares of Hawkins from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Hawkins presently has a consensus rating of “Hold” and an average target price of $48.25.

NASDAQ HWKN traded down $0.17 during mid-day trading on Wednesday, reaching $43.88. 50,137 shares of the stock were exchanged, compared to its average volume of 36,692. Hawkins has a one year low of $26.82 and a one year high of $47.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 1.23. The stock has a market cap of $466.60 million, a P/E ratio of 16.43 and a beta of 0.78. The stock has a 50 day simple moving average of $41.43 and a 200-day simple moving average of $39.50.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Wednesday, May 20th. The specialty chemicals company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.20. Hawkins had a net margin of 5.25% and a return on equity of 12.35%. The firm had revenue of $132.41 million during the quarter, compared to the consensus estimate of $126.64 million. Sell-side analysts anticipate that Hawkins will post 3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were paid a $0.233 dividend. This represents a $0.93 annualized dividend and a yield of 2.12%. The ex-dividend date was Thursday, June 4th. Hawkins’s dividend payout ratio (DPR) is currently 34.96%.

Hawkins Company Profile

Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationaly. It operates in three segments: Industrial, Water Treatment, and Health and Nutrition. It provides industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.

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