Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Hawkins (HWKN) one of those stocks right now? Let's take a closer look at the stock's year-todate performance to find out. Hawkins is one of 236 companies in the Basic Materials group. The Basic Materials group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks ...

Core Viewpoint - Investors are encouraged to consider Hawkins (HWKN) due to solid improvements in earnings estimates and positive short-term price momentum [1][2] Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism regarding Hawkins' earnings prospects, which is expected to positively impact its stock price [2] - For the current quarter, Hawkins is projected to earn $1.17 per share, representing a +6.36% change from the previous year, with a 10.38% increase in the Zacks Consensus Estimate over the last 30 days [4] - For the full year, the earnings estimate is $4.14 per share, indicating a +15.32% change from the previous year, with a 12.81% increase in the consensus estimate due to two upward revisions [5] Zacks Rank - Hawkins currently holds a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance based on favorable estimate revisions [6] - Historically, stocks with a Zacks Rank 1 have generated an average annual return of +25% since 2008, significantly outperforming the S&P 500 [3][6] Stock Performance - Hawkins' stock has increased by 26.2% over the past four weeks due to strong estimate revisions, suggesting further upside potential [7]

Group 1: Hawkins (HWKN) - Hawkins distributes, blends, and manufactures bulk and specialty chemicals and health and nutrition products across various industries [1] - The company has a Zacks Rank of 1 (Strong Buy) and a 12.8% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - Hawkins' shares gained 46.4% over the last three months, significantly outperforming the S&P 500's gain of 0.1% [2] - The company possesses a Momentum Score of A [2] Group 2: Pilgrim's Pride (PPC) - Pilgrim's Pride is engaged in processing, production, marketing, and distribution of frozen, fresh, and value-added chicken products [2] - The company has a Zacks Rank of 1 and a 27.1% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - Pilgrim's Pride's shares gained 18.4% over the last three months, also outperforming the S&P 500's gain of 0.1% [3] - The company possesses a Momentum Score of A [3] Group 3: LeMaitre Vascular (LMAT) - LeMaitre Vascular provides devices, implants, and services for treating peripheral vascular disease, a condition affecting people worldwide [3] - The company has a Zacks Rank of 1 and a 4.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] - LeMaitre Vascular's shares gained 6.1% over the last three months, again outperforming the S&P 500's gain of 0.1% [4] - The company possesses a Momentum Score of A [4]

Core Insights - Hawkins (HWKN) reported quarterly earnings of $1.38 per share, exceeding the Zacks Consensus Estimate of $1.01 per share, and showing an increase from $1.12 per share a year ago, resulting in an earnings surprise of 36.63% [1] - The company achieved revenues of $255.88 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.62% and up from $251.12 million year-over-year [2] - Hawkins shares have increased approximately 46.5% year-to-date, significantly outperforming the S&P 500's gain of 14% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.06 on revenues of $260.08 million, while for the current fiscal year, the estimate is $3.67 on revenues of $989.1 million [7] - The estimate revisions trend for Hawkins is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Chemical - Specialty industry, to which Hawkins belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

ROSEVILLE, Minn., July 31, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Hawkins, Inc. (Nasdaq: HWKN), at its meeting on July 31, 2024, increased its quarterly cash dividend by 13% to $0.18 per share, payable August 30, 2024, to shareholders of record at the close of business on August 16, 2024. Hawkins has consistently paid out a dividend since 1985. About Hawkins, Inc. Hawkins, Inc. was founded in 1938 and is a leading specialty chemical and ingredients company that formulates, distributes, blends, a ...

About Hawkins, Inc. Hawkins, Inc. was founded in 1938 and is a leading specialty chemical and ingredients company that formulates, distributes, blends, and manufactures products for its Industrial, Water Treatment, and Health & Nutrition customers. Headquartered in Roseville, Minnesota, the Company has 60 facilities in 27 states and creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated $919 million of revenue in f ...

About Hawkins, Inc. Hawkins, Inc. was founded in 1938 and is a leading specialty chemical and ingredients company that formulates, distributes, blends, and manufactures products for its Industrial, Water Treatment, and Health & Nutrition customers. Headquartered in Roseville, Minnesota, the Company has 60 facilities in 27 states and creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated $919 million of revenue in f ...

ROSEVILLE, Minn., July 15, 2024 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN), announced today that it has again been certified as a Great Place to Work. Great Place to Work is an independent research and consulting firm, and its certification process considers more than 60 elements of overall job experience. Great Place to Work is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue and increased innovation. This certificat ...

ROSEVILLE, Minn., July 15, 2024 (GLOBE NEWSWIRE) -- Hawkins, Inc. (NASDAQ:HWKN), announced today that it has again been certified as a Great Place to Work. Great Place to Work is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue and increased innovation. This certification is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-t ...

Investment Thesis 6.00 5.00 More Value 4.27 4.00 3.00 Less Value 2.06 2.00 2.00 1.33 1.11 1.08 1.00 0.00 Why HWKN is a high-quality business · HWKN is earning more on the growth + legacy capital that's been put into the business + invested since FY'21 - ROICs are +350bps to 15.5% in FY'24 as 1) NOPAT margins have expanded ~120bps, and 2) capital turns remained at ~1.7x. Specifically, its FY 23-24 acquisitions - EcoTech, Water Solutions Unlimited, Miami Products & Chemical + Industrial Research Corp - have a ...