Ultime notizie per Hawkins (NASDAQ:HWKN) Azioni

Hawkins

Hawkins Inc manufactures and sells a variety of chemicals and ingredients. The firm organizes itself into three segments based on the product type. The industrial segment, which generates the majority of revenue, sells private label bleach, caustic soda, sulfuric acid, hydrochloric acid, phosphoric acid, potassium hydroxide, and aqua ammonia. The water treatment segment sells chemicals and equipment used to treat potable water, municipal and industrial wastewater, industrial process water, and non-residential swimming pool water. The health and nutrition segment sells ingredients to food, beverage, personal care, and dietary supplement producers.

Hawkins Inc

BWS Financial analyst Hamed Khorsand maintains Hawkins (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) with a Neutral and maintains $122 price target.

News

Price Target

Analyst Ratings

HWKN

BWS Financial Maintains Neutral on Hawkins, Maintains $122 Price Target

WIIM

Hawkins shares are trading lower after the company reported worse-than-expected Q2 financial results. The company also acquired the assets of Water Guard, terms not disclosed.

Hawkins (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) reported quarterly earnings of $1.16 per share which missed the analyst consensus estimate of $1.19 by 2.52 percent. This is a 5.45 percent increase over earnings of $1.10 per share from the same period last year. The company reported quarterly sales of $247.029 million which missed the analyst consensus estimate of $259.585 million by 4.84 percent. This is a 4.44 percent increase over sales of $236.526 million the same period last year.

Earnings

Earnings Misses

Hawkins Q2 2025 GAAP EPS $1.16 Misses $1.19 Estimate, Sales $247.029M Miss $259.585M Estimate

Hawkins Acquires Assets Of Water Guard; Terms Not Disclosed

Hawkins (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-30. Here's what investors need to know before the announcement.
Analysts estimate that Hawkins will report an earnings per share (EPS) of $1.17. 
The announcement from Hawkins is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Performance in Previous Earnings</h3>
Last quarter the company beat EPS by $0.37, which was followed by a 16.81% increase in the share price the next day.
Here's a look at Hawkins's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.01</td>
<td>0.68</td>
<td>0.61</td>
<td>1</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.38</td>
<td>0.66</td>
<td>0.71</td>
<td>1.1</td>
</tr>
<tr>
<td>Price Change %</td>
<td>17.0%</td>
<td>9.0%</td>
<td>-8.0%</td>
<td>-5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730217756_0.png" alt="eps graph" />
<h3>Performance of Hawkins Shares</h3>
Shares of Hawkins were trading at $116.92 as of October 28. Over the last 52-week period, shares are up 101.9%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Hawkins</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Hawkins.
With 1 analyst ratings, Hawkins has a consensus rating of Neutral. The average one-year price target is $122.0, indicating a potential 4.34% upside.
<h3>Peer Ratings Comparison</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of PureCycle Technologies, Tronox Holdings and Kronos Worldwide, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>The prevailing sentiment among analysts is an Buy trajectory for PureCycle Technologies, with an average 1-year price target of $9.33, implying a potential 92.02% downside.</li>
<li>Tronox Holdings is maintaining an Outperform status according to analysts, with an average 1-year price target of $18.0, indicating a potential 84.6% downside.</li>
<li>Kronos Worldwide is maintaining an Underperform status according to analysts, with an average 1-year price target of $10.0, indicating a potential 91.45% downside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
The peer analysis summary outlines pivotal metrics for PureCycle Technologies, Tronox Holdings and Kronos Worldwide, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Hawkins</td>
<td>Neutral</td>
<td>1.90%</td>
<td>$64.66M</td>
<td>6.98%</td>
</tr>
<tr>
<td>PureCycle Technologies</td>
<td>Buy</td>
<td>0.00%</td>
<td>$-22.22M</td>
<td>-15.34%</td>
</tr>
<tr>
<td>Tronox Holdings</td>
<td>Outperform</td>
<td>3.27%</td>
<td>$150M</td>
<td>0.85%</td>
</tr>
<tr>
<td>Kronos Worldwide</td>
<td>Underperform</td>
<td>12.93%</td>
<td>$100.20M</td>
<td>2.52%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Hawkins ranks at the bottom for Revenue Growth and Gross Profit among its peers. It is in the middle for Return on Equity.
<h3>Delving into Hawkins's Background</h3>
Hawkins Inc manufactures and sells a variety of chemicals and ingredients. The firm organizes itself into three segments based on the product type. The industrial segment, which generates the majority of revenue, sells private label bleach, caustic soda, sulfuric acid, hydrochloric acid, phosphoric acid, potassium hydroxide, and aqua ammonia. The water treatment segment sells chemicals and equipment used to treat potable water, municipal and industrial wastewater, industrial process water, and non-residential swimming pool water. The health and nutrition segment sells ingredients to food, beverage, personal care, and dietary supplement producers.
<h3>Key Indicators: Hawkins's Financial Health</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Hawkins displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 1.9%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Hawkins's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 11.29% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Hawkins's ROE excels beyond industry benchmarks, reaching 6.98%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 4.24%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.34, Hawkins adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/HWKN/earnings">To track all earnings releases for Hawkins visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: Hawkins's Earnings Preview

BWS Financial analyst Hamed Khorsand downgrades Hawkins (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) from Buy to Neutral and announces $122 price target.

Downgrades

BWS Financial Downgrades Hawkins to Neutral, Announces $122 Price Target

Air Products and Chemicals, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apd#NYSE">APD</a>) shares have shot up 21.2% over the past six months. The company has also outperformed its industry&#39;s rise of 0.1% over the same time frame. APD has also topped the S&amp;P 500&#39;s roughly 9.2% rise over the same period.
Let&#39;s take a look into the factors that are driving APD stock.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/5b/78743.jpg?v=1485300731" /> 
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<h2>APD Gains on High-return Projects &amp; Productivity Actions</h2>
Air Products is benefiting from its investments in high-return industrial gas projects and productivity measures. It remains focused on its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows.
APD is realizing the benefits of the completion of the second phase of the Jazan project in Saudi Arabia. The company has a total available capacity to deploy (over fiscal 2024-2033) $30.8 billion in high-return investments aimed at creating significant shareholder value.
Air Products is also driving productivity to improve its cost structure. It is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs are likely to support its margins moving ahead. The company also remains focused on improving pricing amid an inflationary environment.
The company also remains committed to maximizing returns to shareholders leveraging strong balance sheet and cash flows. Air Products&#39; board, earlier this year, increased its quarterly dividend to $1.77 per share. This marked the 42nd straight year of dividend increase. APD paid roughly $1.5 billion in dividends to shareholders in 2023. It expects to return roughly $1.6 billion to shareholders through dividends in 2024.
APD&#39;s adjusted earnings per share of $3.20 for the fiscal third quarter topped the Zacks Consensus Estimate of $3.04. It continues to expect fiscal 2024 adjusted earnings per share of $12.20-$12.50, suggesting a 6-9% increase from the previous year.
<div class="chart_embed">
<h3>Air Products and Chemicals, Inc. Stock Price and Consensus</h3>
<img alt="Air Products and Chemicals, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/e0/1727086687.png" style="height:265px; width:590px" title="" />
Air Products and Chemicals, Inc. price-consensus-chart | Air Products and Chemicals, Inc. Quote
</div>
<h2>APD&#39;s Zacks Rank &amp; Other Key Picks</h2>
APD currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Basic Materials space are IAMGOLD Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>), Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>). While IAMGOLD and Eldorado Gold sport a Zacks Rank #1 (Strong Buy), Hawkins carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for IAMGOLD&#39;s current-year earnings has increased by 46.4% in the past 60 days. IAG beat the consensus estimate in each of the last four quarters with the average surprise being 200%. Its shares have shot up roughly 153% in the past year.
The consensus estimate for Eldorado Gold&#39;s current year earnings is pegged at $1.40 per share, indicating a year-over-year rise of 145.6%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 83% in the past year.
The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. The stock has rallied around 106% in the past year.
<a href="https://www.zacks.com/stock/news/2340102/air-products-stock-up-21-in-6-months-what-s-driving-the-rise?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2340102">To read this article on Zacks.com click here.</a>

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Air Products Stock Up 21% in 6 Months: What's Driving the Rise?

Cabot Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cbt#NYSE">CBT</a>) recently announced that the U.S. Department of Energy&#39;s (&quot;DOE&quot;) Office of Manufacturing and Energy Supply Chains has selected it for an award negotiation for up to $50 million. This award, which is part of the Bipartisan Infrastructure Law, will help Cabot develop a new manufacturing facility in the United States to make battery-grade carbon nanotubes (CNTs) and conductive additive dispersions on a commercial scale.
These minerals are crucial to the domestic lithium-ion battery supply chain for electric cars (EVs) and the electrical grid, reducing reliance on imports. The DOE funding will cover approximately 30% of the project&#39;s entire anticipated investment of $181 million. Cabot intends to revitalize, retrofit and restore a former automotive site in Wayne County, MI, to become the United States&#39; first production facility for battery-grade CNTs and conductive additive dispersions.
Cabot has teamed up with the North American Building Trades Union, the International Chemical Workers Union Council and the Michigan Building and Construction Trades Council to support this project, which is expected to generate hundreds of new construction and full-time manufacturing jobs. This new manufacturing operation will strengthen the domestic supply chain for crucial battery ingredients, lowering dependency on foreign imports.
This investment emphasizes Cabot&#39;s role as a key participant in the energy transition, offering breakthrough material solutions not only in battery technologies but also throughout the energy storage and management ecosystem. Cabot&#39;s contributions go beyond conductive additives, including aerogels for improved thermal management, metal oxides for cathode durability and novel carbons for fuel cell optimization, all of which are critical for the next generation of sustainable energy solutions.
Shares of Cabot have gained 62% in the past year against a 1.4% decline of the industry.
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CBT anticipates fiscal 2024 adjusted earnings per share of $7.00 to $7.10. This range represents a 30 cents increase at the midpoint, driven by the company&#39;s expectations for improved results in the Performance Chemicals segment due to higher demand and a more favorable product mix compared to the first half of the year, as well as continued strong results in the Reinforcement Materials unit.
<div class="chart_embed">
<h3>Cabot Corporation Price and Consensus</h3>
<h2><img alt="Cabot Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/99/1727087188.png" style="height:265px; width:583px" title="" /></h2>
Cabot Corporation price-consensus-chart | Cabot Corporation Quote
</div>
<h2>Zacks Rank &amp; Key Picks</h2>
CBT currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>).
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company&#39;s shares have soared 111.7% in the past year.
The Zacks Consensus Estimate for Eldorado&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 71.6% in the past year.
The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. HWKN, a Zacks Rank #2 (Buy) stock, has rallied around 99.1% in the past year.
<a href="https://www.zacks.com/stock/news/2339654/cabot-chosen-for-50m-award-negotiation-to-aid-battery-supply-chain?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2339654">To read this article on Zacks.com click here.</a>

Cabot Chosen for $50M Award Negotiation to Aid Battery Supply Chain

Lyondellbasell Industries N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyb#NYSE">LYB</a>) and Dacia recently partnered on the external design of the All-New Dacia Duster. The vehicle, known for its rugged elegance, now includes the durable &quot;Starkle&quot; material, owing to LYB&#39;s CirculenRecover portfolio. These innovative CirculenRecover polypropylene (PP) compounds utilize recycled materials and add a distinctive look to the All-New Duster model.
The development of CirculenRecover polymers demonstrates LYB&#39;s constant dedication to creating solutions for everyday sustainable living. The innovative material not only improves the appearance of vehicles but also aligns with LYB customers&#39; sustainability objectives.
The CirculenRecover polymer, a PP compound containing 20% recycled PP obtained through mechanical recycling, is created from post-industrial waste removed from the manufacturing process of items such as flexible packaging. Compared to virgin materials, this reduces CO2 emissions, demonstrating Dacia&#39;s commitment to sustainability. It is included in Dacia&#39;s &quot;Starkle&quot; material, which is utilized in exterior pieces like bumpers, trims and body side moldings on the All-New Duster model. The polymers not only function well on automobile exteriors but also provide a mold-in-color special effect with particles that showcase the usage of recycled content. This single-material solution removes additional steps, improves design efficiency and has the potential to increase part recyclability.
The All-New Dacia Duster showcases whether sustainability and modern design can coexist. LYB and Dacia are collaborating to set a new benchmark for automotive design and inspire the industry to embrace a more sustainable future.
Shares of LyondellBasell have lost 4% over the past year compared with a 4.3% decline of its industry.
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For the third quarter, LyondellBasell expects margins to gain from the lower costs of natural gas and natural gas liquids used in its North American and Middle Eastern production against higher oil-based expenses in most other locations. With the ongoing summer driving season, oxyfuel margins are projected to stay higher than historical levels because of high octane premiums.&nbsp;
LYB intends to operate its assets in line with market demand in the third quarter, with average operating rates of 85% for North American olefins and polyolefins (O&amp;P) assets, 80% for European O&amp;P assets and 75% for Intermediates &amp; Derivatives.
<div class="chart_embed">
<h3>LyondellBasell Industries N.V. Price and Consensus</h3>
<h2><img alt="LyondellBasell Industries N.V. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/4a/1726741290.png" style="height:265px; width:584px" title="" /></h2>
LyondellBasell Industries N.V. price-consensus-chart | LyondellBasell Industries N.V. Quote
</div>
<h2>LYB&#39;s Zacks Rank &amp; Key Picks</h2>
LYB currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>).
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company&#39;s shares have soared 111.7% in the past year.
The Zacks Consensus Estimate for Eldorado&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 71.6% in the past year.
The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. HWKN, a Zacks Rank #2 (Buy) stock, has rallied around 99.1% in the past year.
<a href="https://www.zacks.com/stock/news/2338317/lyondellbasell-dacia-develop-recycled-solution-for-duster-model?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2338317">To read this article on Zacks.com click here.</a>

LyondellBasell & Dacia Develop Recycled Solution for Duster Model

Steel Dynamics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stld#NASDAQ">STLD</a>) has issued earnings guidance for the third quarter of 2024 in the $1.94-$1.98 per share range. This represents a decline from the company&#39;s second-quarter 2024 earnings of $2.72 per share and its third-quarter 2023 earnings of $3.47.
STLD&#39;s steel operations profitability is expected to be significantly lower than&nbsp; the second quarter due to reduced average realized pricing in the flat rolled operations. Approximately 80% of this business is contract-based, linked to lagging pricing indices. However, flat rolled steel prices have stabilized and are showing improvement, with underlying demand remaining consistent.
The metals recycling division&#39;s earnings for the third quarter of 2024 are anticipated to be in line with second-quarter results, as steady volumes offset the impact of slightly lower realized pricing.
<div class="chart_embed">
<h3>Steel Dynamics, Inc. Price and Consensus</h3>
<img alt="Steel Dynamics, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/e7/1726572063.png" style="height:265px; width:587px" title="" />
Steel Dynamics, Inc. price-consensus-chart | Steel Dynamics, Inc. Quote
In the steel fabrication segment, earnings are forecasted to be moderately lower than the previous quarter due to a slight dip in average realized pricing. However, the order backlog remains steady and extends into the first quarter of 2025, with pricing at attractive levels. Current order activity is stable and demand is expected to grow in 2025, fueled by an expected decline in interest rates, the U.S. infrastructure program and increasing onshoring efforts. This growth is likely to benefit not only steel joist and deck products but also flat rolled and long product steels.
</div>
Demonstrating continued confidence in the company&#39;s earnings outlook and cash flow, Steel Dynamics repurchased $307 million worth of its common stock through Sept. 11, 2024.
Shares of Steel Dynamics have gained 13.1% in the past year against a 14.3% decline in its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/11/77996.jpg?v=586377325" />
Image Source: Zacks Investment Research
<h2>STLD&#39;s Zacks Rank &amp; Key Picks</h2>
Steel Dynamics currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>), Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14 per share, indicating a rise of 15.3% from the year-ago level. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days.The stock has rallied around 95% in the past year.
The Zacks Consensus Estimate for Carpenter Technology&#39;s current-year earnings is pegged at $6.06 per share, indicating a rise of 27.9% from the year-ago level. CRS&#39; earnings beat the consensus estimate in each of the trailing four quarters, with the average surprise being 15.9%. The stock has surged nearly 108.8% in the past year.
The Zacks Consensus Estimate for Eldorado Gold&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the trailing four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have surged nearly 75.3% in the past year.
<a href="https://www.zacks.com/stock/news/2336978/steel-dynamics-expects-lower-q3-earnings-amid-pricing-pressures?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2336978">To read this article on Zacks.com click here.</a>

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Steel Dynamics Expects Lower Q3 Earnings Amid Pricing Pressures

Kronos Worldwide, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kro#NYSE">KRO</a>) is expected to benefit from higher demand for titanium dioxide (TiO2) and easing pricing pressure this year. Cost-reduction initiatives are also expected to support margins.
We are positive about KRO&#39;s prospects and believe that the time is right for you to add the stock to your portfolio as it looks promising and is poised to carry the momentum ahead.
Let&#39;s take a look into the factors that make this Zacks Rank #2 (Buy) stock a compelling choice for investors right now.
<h2>Kronos Worldwide&#39;s Stock Outperforms Industry</h2>
KRO has outperformed the industry it belongs to over the past year. The company&#39;s shares have rallied 32.8% compared with a 9.6% decline of the industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6e/77269.jpg?v=1616124123" />
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<h2>Solid Earnings Growth Prospects for KRO</h2>
The Zacks Consensus Estimate for earnings for 2024 for Kronos Worldwide is currently pegged at 88 cents, reflecting an expected year-over-year growth of 304.7%. Earnings are also expected to register a 288.9% growth in third-quarter 2024.
<h2>KRO&#39;s Earnings Estimates Northbound</h2>
Earnings estimates for KRO have been going up over the past 60 days. The Zacks Consensus Estimate for 2024 has increased by 3.5%. The consensus estimate for the third quarter has also been revised 9.7% upward over the same time frame. The favorable estimate revisions instill investor confidence in the stock.
<h2>Higher TiO2 Demand, Cost Actions Aid Kronos Worldwide</h2>
Kronos is well-positioned to gain from higher demand for TiO2 in major markets. Per the company, TiO2 consumption has increased at a compound annual growth rate of around 2% since 2000. Western Europe and North America account for roughly 14% and 15% of global TiO2 consumption, respectively. These regions are expected to continue to be the biggest consumers of TiO2. Markets for TiO2 are growing in South America, Eastern Europe, the Asia Pacific region and China.
The company expects sales volumes in 2024 to exceed 2023 levels factoring in the recently experienced improved demand and expectations that demand will continue to improve this year.
Kronos Worldwide is also taking actions to reduce costs and align production and inventories to expected demand levels, which are expected to support its margins. It has increased its production rates in sync with current and expected near-term demand improvement. It expects its production rates for the balance of 2024 to be higher than the level witnessed in 2023.
The company&#39;s internal cost initiatives are also expected to continue to support margins in 2024. Reduced energy costs along with its cost-cutting initiatives and the realization of selling price increases are likely to result in improved margins on a year-over-year basis this year. The company has undertaken TiO2 selling price hikes, which need to be sustained to attain margins in line with historical levels. KRO expects to report higher operating results on a year-over-year basis for full-year 2024 based on the expected improved demand, higher selling prices and reduced production costs.
<div class="chart_embed">
<h3>Kronos Worldwide Inc Price and Consensus</h3>
<img alt="Kronos Worldwide Inc Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/76/1726047534.png" style="height:265px; width:580px" title="" />
Kronos Worldwide Inc price-consensus-chart | Kronos Worldwide Inc Quote
</div>
<h2>Stocks to Consider</h2>
Other top-ranked stocks in the Basic Materials space are, Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>), IAMGOLD Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. The stock has rallied around 103% in the past year.
The consensus estimate for IAMGOLD&#39;s current-year earnings has increased by 46.4% in the past 60 days. IAG beat the consensus estimate in each of the last four quarters with the average surprise being 200%. Its shares have shot up 111% in the past year.
The Zacks Consensus Estimate for Eldorado Gold&#39;s current year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 69% in the past year.
<a href="https://www.zacks.com/stock/news/2334557/here-s-why-you-should-buy-kronos-worldwide-stock-right-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2334557">To read this article on Zacks.com click here.</a>

Penny Stocks

Small Cap

Here's Why You Should Buy Kronos Worldwide Stock Right Now

Air Products and Chemicals, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apd#NYSE">APD</a>) is expected to gain from its project investments, productivity actions and new business deals amid the softness in China and Europe.
The company&#39;s shares have lost 9.6% over a year compared with a 10.6% decline of its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/96/77101.jpg?v=847617279" />
Image Source: Zacks Investment Research
Let&#39;s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment.
&nbsp;
<h2>High-return Projects and Productivity Actions Aid APD Stock</h2>
Air Products is well-placed to benefit from its investments in high-return industrial gas projects and productivity measures. It remains focused on its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows.
APD is realizing the benefits of the completion of the second phase of the Jazan project in Saudi Arabia. The company has a total available capacity to deploy (over fiscal 2024-2033) $30.8 billion in high-return investments aimed at creating significant shareholder value.
Air Products is also driving productivity to improve its cost structure. It is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs are likely to support its margins moving ahead. The company also remains focused on improving pricing amid an inflationary environment.
The company also remains committed to maximizing returns to shareholders leveraging strong balance sheet and cash flows. Air Products&#39; board, in January 2024, increased its quarterly dividend to $1.77 per share. This marked the 42nd straight year of dividend increase. APD paid roughly $1.5 billion in dividends to shareholders in 2023. It expects to return roughly $1.6 billion to shareholders through dividends in 2024.
<h2>Softness in China &amp; Europe a Worry for Air Products</h2>
The slowdown in China and Europe may affect APD&#39;s business in these regions. The sluggish China economy is impacting volumes in the Industrial Gases - Asia segment. A slower economic recovery in China and the softness in electronics may continue to affect the segment&#39;s volumes.
Air Products is also seeing weak demand for merchant products in Europe. Its volumes in Europe rose modestly year-over-year in the fiscal third quarter as the contribution of the new assets in Uzbekistan offset weaker merchant volumes. The lack of growth in industrial output in Europe is a concern for the near term.
<div class="chart_embed">
<h3>Air Products and Chemicals, Inc. Price and Consensus</h3>
<img alt="Air Products and Chemicals, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/3f/1725958852.png" style="height:265px; width:590px" title="" />
Air Products and Chemicals, Inc. price-consensus-chart | Air Products and Chemicals, Inc. Quote
</div>
<h2>Stocks to Consider</h2>
Better-ranked stocks in the Basic Materials space are, Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>), Element Solutions Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. The stock has rallied around 101% in the past year.
The consensus estimate for Element Solutions&#39; current-year earnings has increased by 0.7% in the past 60 days. ESI beat the consensus estimate in three of the last four quarters while delivering in-line results on the other occasion. In this timeframe, it delivered an earnings surprise of around 3.8%, on average.
The Zacks Consensus Estimate for Eldorado Gold&#39;s current year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 64% in the past year.
<a href="https://www.zacks.com/stock/news/2333874/here-s-why-you-should-hold-onto-air-products-stock-for-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333874">To read this article on Zacks.com click here.</a>

Here's Why You Should Hold Onto Air Products Stock for Now

These seven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) shares jumped 65.95%. The company reached a supply agreement with Corning for next-generation fiber-optic cables to <a href="https://www.benzinga.com//node/40104952" target="_blank" rel="noreferrer noopener">support AI demands in data centers</a>.</li>
<li>Shake Shack, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) shares escalated 19.52% after the company reported <a href="https://www.benzinga.com//node/40104675" target="_blank" rel="noreferrer noopener">better-than-expected Q2 sales results</a>. Several analysts increased <a href="https://www.benzinga.com//node/40131307" target="_blank" rel="noreferrer noopener">their forecasts for the company</a>.</li>
<li>Parsons Corp NYSE: PSN) stock gained 15.42% after it reported better-than-expected Q2 results and raised its FY24 revenue outlook.</li>
<li>Clearwater Analytics Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWAN#NYSE">CWAN</a>) stock increased 15.23% after the company reported better-than-expected Q2 sales results and issued Q3 and FY24 <a href="https://www.benzinga.com//node/40081350" target="_blank" rel="noreferrer noopener">revenue guidance above estimates</a>.</li>
<li>Repligen Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) stock upped 15.14%. The company reported <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40044492/repligen-lowers-guidance-on-china-weakness-analyst-expects" target="_blank" rel="noreferrer noopener">Q2 earnings</a>, after which several analysts revised their price forecasts.</li>
<li>Frontdoor Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTDR#NASDAQ">FTDR</a>) stock gained 15.09% following better-than-expected Q2 earnings.</li>
<li>NeoGenomics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) stock upped 14.47% after the company reported better-than-expected Q2 financial results and <a href="https://www.benzinga.com//node/40021917" target="_blank" rel="noreferrer noopener">raised its FY24 revenue guidance</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40150484/microstrategy-intel-and-moderna-are-among-top-12-large-cap-losers-last-week-july-28-august-3-are-the" target="_blank" rel="noreferrer noopener">MicroStrategy, Intel And Moderna Are Among Top 12 Large Cap Losers Last Week (July 28-August 3): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/24/08/40150236/doordash-and-exact-sciences-are-among-top-10-large-cap-gainers-last-week-july-28-aug-3-are-the-other" target="_blank" rel="noreferrer noopener">DoorDash And Exact Sciences Are Among Top 10 Large Cap Gainers Last Week (July 28-Aug 3): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by YAO23 via Shutterstock

Movers

ACHC

CVLT

CWAN

DRVN

FTDR

IDCC

LUMN

RGEN

SHAK

ZETA

Shake Shack And Lumen Tech Are Among Top 7 Mid Cap Stocks With Max Gains Last Week (July 28-August 3): Are The Others In Your Portfolio?

Hawkins shares are trading higher after the company reported better-than-expected Q1 financial results. Also, the company raised its quarterly dividend.

U.S. stocks were lower, with the Dow Jones index falling over 500 points on Thursday.
Shares of Air Products and Chemicals, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>) rose sharply during Thursday's session after the company reported better-than-expected third-quarter <a href="https://www.benzinga.com/news/earnings/24/08/40100921/air-products-q3-win-eps-surge-and-margin-expansion-set-stage-for-promising-q4">adjusted EPS results</a>.
Air Products reported third-quarter 2024 adjusted EPS of $3.20, up 7% year-over-year, beating the consensus of $3.03. Sales declined 2% YoY to $2.986 billion, missing the consensus of $3.035 billion due to 2% unfavorable currency and 1% lower energy cost pass-through.
Air Products shares jumped 11.4% to $293.82 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) shares surged 26.2% to $3.9750. Corning and Lumen reached a supply agreement on next-generation fiber-optic cable to support data center AI demands.</li>
<li>Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) jumped 24.3% to $56.80 after the company reported better-than-expected second-quarter financial results. Also, the company announced an exclusive license agreement with TwinStrand Biosciences.</li>
<li>Omnicell, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMCL#NASDAQ">OMCL</a>) gained 22.3% to $35.71 after the company reported better-than-expected second-quarter financial results and issued FY24 guidance above estimates.</li>
<li>Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) climbed 17.8% to $103.22 after the company reported better-than-expected second-quarter sales results.</li>
<li>Clearwater Analytics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWAN#NASDAQ">CWAN</a>) gained 17.5% to $22.97 after the company reported better-than-expected second-quarter sales results and issued FY24 revenue guidance above estimates..</li>
<li>Concord Medical Services Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCM#NYSE">CCM</a>) jumped 15.8% to $9.12.</li>
<li>C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) gained 15.1% to $102.48 after the company reported better-than-expected second-quarter adjusted EPS results.</li>
<li>Energy Recovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERII#NASDAQ">ERII</a>) gained 14.7% to $16.72 following upbeat quarterly results.</li>
<li>Frontdoor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTDR#NASDAQ">FTDR</a>) gained 14.2% to $45.06 following better-than-expected second-quarter financial results.</li>
<li>Hawkins, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) rose 14.1% to $118.53 following upbeat quarterly results.</li>
<li>Ranpak Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACK#NASDAQ">PACK</a>) gained 12.7% to $8.14 after the company reported better-than-expected second-quarter EPS results.</li>
<li>Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) rose 12.4% to $24.07 after the company reported better-than-expected quarterly financial results and raised its FY24 revenue guidance above estimates. Additionally, Morgan Stanley and Oppenheimer raised their respective price targets on the stock.</li>
<li>Acadia Healthcare Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHC#NASDAQ">ACHC</a>) rose 12.2% to $72.73 after the company reported better-than-expected quarterly financial results..</li>
<li>FMC Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) gained 12% to $65.34 following quarterly financial results..</li>
<li>Alnylam Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALNY#NASDAQ">ALNY</a>) rose 10.6% to $262.60 after the company reported better-than-expected quarterly financial results.</li>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) gained 9.5% to $145.82 after the company reported better-than-expected quarterly financial results.</li>
<li>Aptiv PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) gained 5.8% to $73.46 after the company reported better-than-expected second-quarter adjusted EPS results and raised its FY24 adjusted EPS above estimates. Additionally, the company announced the authorization of a $5 billion share repurchase program..</li>
<li>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) rose 5.8% to $502.20 following better-than-expected quarterly earnings.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40101200/top-3-health-care-stocks-that-are-set-to-fly-this-quarter"> </a>
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40101200/top-3-health-care-stocks-that-are-set-to-fly-this-quarter">Top 3 Health Care Stocks That Are Set To Fly This Quarter</a></li>
</ul>

Intraday Update

ALNY

APTV

CHRW

CVNA

ERII

EXAS

OMCL

PACK

Air Products Posts Upbeat Earnings, Joins Meta, Exact Sciences, Shake Shack, Clearwater Analytics And Other Big Stocks Moving Higher On Thursday

The Board of Directors of Hawkins, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>), 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.

Hawkins Increases Its Quarterly Cash Dividend From $0.16 To $0.18 Per Share

Hawkins (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) reported quarterly earnings of $1.38 per share which beat the analyst consensus estimate of $0.96 by 43.75 percent. The company reported quarterly sales of $255.879 million which beat the analyst consensus estimate of $254.304 million by 0.62 percent. This is a 1.90 percent increase over sales of $251.120 million the same period last year.

Hawkins Q1 2025 GAAP EPS $1.38 Beats $0.96 Estimate, Sales $255.879M Beat $254.304M Estimate

Hawkins Completes Acquisition Of Wofford Water Service; Expands Distribution Of Water Treatment Chemicals And Equipment In Mississippi

Although U.S. stocks closed mixed on Thursday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Reservoir Media</h3>
<ul>
<li>The Trade: Reservoir Media, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSVR#NASDAQ">RSVR</a>) 10% owner Wesbild Inc <a href="https://www.benzinga.com/quote/RSVR/analyst-ratings">acquired a total of 350,000 shares</a> at an average price of $8.01. To acquire these shares, it cost around $2.8 million.</li>
<li>What's Happening: On May 30, Reservoir Media posted better-than-expected quarterly earnings.</li>
<li>What Reservoir Media Does: Reservoir Media Inc is an independent music company.</li>
</ul>
<h3 class="wp-block-heading">Shift4 Payments</h3>
<ul>
<li>The Trade: Shift4 Payments, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>) Chairman and CEO Jared Isaacman acquired a total of 29,669 shares at an average price of $69.23. To acquire these shares, it cost around $2.05 million.</li>
<li>What's Happening: On May 24, Wedbush analyst Moshe Katri initiated coverage on Shift4 Payments with a Neutral rating and announced a price target of $75.</li>
<li>What Shift4 Payments Does: Shift4 Payments Inc is provider of integrated payment processing and technology solutions.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Beyond</h3>
<ul>
<li>The Trade: Beyond, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>) Director, Executive Chairman of Board Marcus Lemonis <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 17,075 shares</a> at an average price of $14.61. To acquire these shares, it cost around $249,466.</li>
<li>What's Happening: On May 6, Beyond reported worse-than-expected first-quarter financial results.</li>
<li>What Beyond Does: Beyond Inc is an online retailer that provides products and services through websites.</li>
</ul>
<h3 class="wp-block-heading">Hawkins</h3>
<ul>
<li>The Trade: Hawkins, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) Director James A Faulconbridge <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 1,900</a> shares at an average price of $86.52. The insider spent around $164,396 to buy those shares.</li>
<li>What's Happening: On June 3, Hawkins completed the acquisition of the assets of Intercoastal Trading, Inc. and its affiliated companies.</li>
<li>What Hawkins Does: Hawkins Inc manufactures and sells a variety of chemicals and ingredients.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/06/39221153/vail-resorts-docusign-and-3-stocks-to-watch-heading-into-friday">Vail Resorts, DocuSign And 3 Stocks To Watch Heading Into Friday</a>

Insider Trades

BYON

FOUR

RSVR

Over $2M Bet On This Tech Stock? Check Out These 4 Stocks Insiders Are Buying

Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>) has completed the acquisition of the assets of Intercoastal Trading, Inc. and its affiliates. Intercoastal Trading supplies water treatment chemicals and equipment to customers in Maryland, Delaware and Virginia. 
Hawkins continues to expand its water treatment business. Intercoastal Trading will speed its expansion in the heavily populated East Coast with its location within 200 miles of major population centers. 
Hawkins anticipates that the purchase of Intercostal Trading will be accretive to earnings per share this fiscal year. Further, it is expected that even after the acquisition, the company&#39;s first-quarter balance sheet will remain strong, with an expected leverage ratio of about 1x EBITDA at quarter end. In addition, all four acquisitions completed during fiscal 2024 meet or exceed Hawkins&#39; business expectations, and the integrations are on pace. 
Intercoastal&#39;s workers will be able to continue offering the expanded technical expertise and efficient product delivery that customers have come to expect and trust, with the support of Hawkins&#39; top resources and commitment to excellence. 
Shares of Hawkins have gained 82.4% over the past year against&nbsp;the industry&#39;s 10% decline.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7e/68107.jpg?v=1095146901" /> 
Image Source: Zacks Investment Research
In the fiscal fourth-quarter call, the company said that it expects continued top and bottom-line growth in fiscal 2025, with the top line approaching $1 billion in revenues. HWKN anticipates Water Treatment to become its biggest reporting segment. While it is cautiously optimistic about the Industrial segment, it believes that economic and competitive pressures will continue to impact many of its customers and demand. 
For the Health and Nutrition unit, HWKN anticipates the improved performance it witnessed in the back half of fiscal 2024 to continue into fiscal 2025, and expects results to improve from fiscal 2024.
<div class="chart_embed">
<h3>Hawkins, Inc. Price and Consensus</h3>
<h3><a href="https://www.zacks.com/stock/chart/HWKN/price-consensus-chart?icid=chart-HWKN-price-consensus-chart"><img alt="Hawkins, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/81/1717506060.png" style="height:265px; width:577px" title="" /> </a></h3>
Hawkins, Inc. price-consensus-chart | Hawkins, Inc. Quote
</div>
<h3>Zacks Rank &amp; Key Picks</h3>
Hawkins currently carries a Zacks Rank #4 (Sell). 
Better-ranked stocks in the basic materials space are ATI Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ati#NYSE">ATI</a>), Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>) and Ecolab Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ecl#NYSE">ECL</a>). 
ATI currently carries a Zacks Rank #2 (Buy). ATI beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 8.3%. The company&#39;s shares have soared 77% in the past year. 
Carpenter Technology currently sports a Zacks Rank of 1. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.1%. The company&#39;s shares have surged 143.2% in the past year. 
The Zacks Consensus Estimate for Ecolab&#39;s current year earnings is pegged at $6.56 per share, indicating a year-over-year rise of 25.9%. The consensus estimate for ECL&#39;s current-year earnings has gone up in the past 30 days. ECL, which currently carries a Zacks Rank of 2, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.3%. The company&#39;s shares have rallied roughly 38.6% in the past year.
<a href="https://www.zacks.com/stock/news/2283372/hawkins-hwkn-acquires-intercoastal-trading-in-maryland?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2283372">To read this article on Zacks.com click here.</a>

Hawkins Acquires Intercoastal Trading in Maryland

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It remains to be seen how long the great <a href="https://www.investopedia.com/fund-managers-caught-off-guard-by-small-cap-stocks-rotation-8690309">rotation into small-cap stocks</a> that began in July of this year will last. Since the start of August, the Russell 2000 index that is home to most small-cap securities that trade in the U.S. has declined 8%. That brings the Russell&rsquo;s gain on the year down to 3%, trailing the performance of the benchmark S&amp;P 500 index that is up 10% year-to-date.



Great rotation or not, there are many small-cap stocks worthy of a place in investors&rsquo; portfolios. A lot of small companies continue to post earnings that beat Wall Street targets and have stocks that <a href="https://www.nytimes.com/2024/07/25/business/small-cap-stock-market-rotation.html">outperform the broader market</a>. Some small-cap stocks have achieved gains that trounce securities whose market capitalizations are more than 100 times larger. Here are three small-cap stocks to buy amid the great rotation.



<h2>UFP Technologies (UFPT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/healthcare-stocks1600-300x169.png" alt="drugs pill and stock chart growing up with money, business and economic news background. business profit analysis trend and future. hospital and healthcare segment. Healthcare stocks"><div>Source: WHYFRAME / Shutterstock.com</div></div>With a market capitalization of only $2.44 billion, UFP Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/ufpt-stock-quote/">UFPT</a>) is a small-cap stock that <a href="https://www.msn.com/en-us/money/topstocks/ufpt-stock-earnings-ufp-techs-beats-eps-beats-revenue-for-q2-2024/ar-BB1qZSaH">trades on the Russell 2000</a> index. Based in Massachusetts and a growing concern since 1963, UFP Technologies makes medical devices and sterile packaging that are used in the healthcare space. Currently, the company employs 3,000 people and has annual sales of about $400 million.



While small, UFP Technologies has proven to be a mighty stock. Year-to-date, the share price is up 86%. In the last five years, UFPT stock has gained nearly 650%. Over the past 20 years, the stock has risen close to 40,000%. Those impressive returns have been driven by exceptional financial results. The company just reported <a href="https://www.tipranks.com/news/the-fly/ufp-technologies-reports-q2-revenue-1-75-consensus-1-53">second-quarter results</a> that once again trounced estimates with revenue of $110.2 million versus $106.97 million that was forecast. EPS came in at $1.75 compared to consensus estimates of $1.53.



Owing to its small-cap status, only <a href="https://www.tipranks.com/stocks/ufpt/forecast">two Wall Street analysts</a> currently cover UFPT stock.



<h2>Hawkins (HWKN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/chemicals-300x169.jpg" alt="Detail of chemical plant, silos and pipes"><div>Source: Shutterstock</div></div>Hawkins&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/hwkn-stock-quote/">HWKN</a>) is another mighty small-cap stock. The company, based in Roseville, Minnesota, currently has a <a href="https://www.tipranks.com/news/the-fly/hawkins-price-target-raised-to-122-from-96-at-bws-financial">market capitalization of $2.49 billion</a> and fewer than 1,000 employees. It&rsquo;s been in business since 1938, has 60 facilities in 27 states and generates annual sales of around $950 million. Hawkins makes specialty chemicals and ingredients found in food. Its chemicals are used in industrial applications and for water treatment, and its ingredients are used for nutritional purposes in food products.



Hawkins is a small, boring company that makes essential products. However, there&rsquo;s nothing boring about its stock performance. In the last 12 months, HWKN stock has increased 133%, including a 70% gain this year. Through five years, the share price has risen 440%. Hawkins also regularly raises its dividend payment to shareholders, most recently <a href="https://www.marketbeat.com/instant-alerts/nasdaq-hwkn-dividend-announcement-2024-08-02/">increasing its distribution by 13%</a> on August 2nd of this year. Hawkins now pays a quarterly dividend of 18 cents a share, giving the stock a yield of 0.60%.



<h2>Sprouts Farmers Market (SFM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/sfm1600-300x169.jpg" alt="An exterior sign on a Sprouts Farmers Market (SFM) store in Granada Hills, California."><div>Source: Ken Wolter / Shutterstock.com</div></div>Sprouts Farmers Market (NASDAQ:<a href="https://investorplace.com/stock-quotes/sfm-stock-quote/">SFM</a>) continues to impress. The relatively small grocery store chain that has 413 locations in 23 states. It also has a market capitalization of $9.81 billion and <a href="https://www.msn.com/en-us/money/savingandinvesting/here-s-why-sprouts-farmers-sfm-is-a-strong-momentum-stock/ar-BB1r5ZbZ">annual sales of about $6 billion</a>. Yet despite being dwarfed in size by much larger competitors, Sprouts Farmers Market continues to put up impressive financial results that have driven the stock to amazing gains in recent years.



Consider that SFM stock is up 94% this year and has risen 435% in the past five years. That&rsquo;s an incredible performance by any measure. Like UFP Technologies, Sprouts Farmers Market, which specializes in natural and organic foods, has seen its stock driven higher by <a href="https://www.cnbc.com/2024/07/30/stocks-making-the-biggest-moves-midday-jblu-sfm-vrns-and-more.html">strong earnings</a>. The company recently reported Q2 EPS of 94 cents on sales of $1.89 billion. That topped analysts&rsquo; consensus estimates of 78 cents in earnings and $1.84 billion in revenue.



SFM stock jumped 13% higher after the company&rsquo;s latest print. 



On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Finvestorplace.com%2Fcorporate%2Finvestorplace-publishing-guidelines%2F&amp;data=04%7C01%7C%7C5a525d9084ae4cdfb8f008da1edbf06e%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637856227247256778%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&amp;sdata=uLFH3ol2mcVxuJrHYW3xDLVx3qGIvonIwHvcfUa%2Fo24%3D&amp;reserved=0" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/3-small-cap-stocks-to-buy-amid-the-great-rotation/">3 Small-Cap Stocks to Buy Amid the Great Rotation</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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