Douglas Lange Acquires 910 Shares of Hawkins (NASDAQ:HWKN) Stock

Hawkins, Inc. (NASDAQ:HWKN) VP Douglas Lange bought 910 shares of the stock in a transaction on Tuesday, August 25th. The stock was purchased at an average cost of $118.75 per share, for a total transaction of $108,062.50. Following the acquisition, the vice president owned 28,169 shares of the company’s stock, valued at $3,345,068.75. This trade represents a 3.34% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hawkins Trading Up 2.3%

Hawkins stock opened at $120.35 on Friday. Hawkins, Inc. has a 52-week low of $116.04 and a 52-week high of $186.15. The company has a market cap of $2.51 billion, a P/E ratio of 31.18, a P/E/G ratio of 2.39 and a beta of 0.79. The company has a quick ratio of 1.54, a current ratio of 2.27 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $136.09 and a two-hundred day simple moving average of $147.19.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.04). Hawkins had a return on equity of 15.42% and a net margin of 7.29%.The business had revenue of $315.68 million during the quarter, compared to analysts’ expectations of $313.42 million. Analysts predict that Hawkins, Inc. will post 4.1 EPS for the current year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, August 14th. Hawkins’s dividend payout ratio is 20.73%.

Institutional Trading of Hawkins

Several institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in Hawkins in the 4th quarter worth approximately $29,000. MBM Wealth Consultants LLC bought a new stake in shares of Hawkins during the first quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Hawkins during the second quarter valued at approximately $37,000. Simplex Trading LLC lifted its holdings in shares of Hawkins by 246.0% in the fourth quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 246 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Hawkins in the third quarter worth $79,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays set a $142.00 target price on Hawkins and gave the company an “equal weight” rating in a research report on Friday, July 31st. Zacks Research cut Hawkins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Weiss Ratings downgraded Hawkins from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, BWS Financial reissued a “buy” rating and issued a $200.00 target price on shares of Hawkins in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hawkins currently has an average rating of “Hold” and a consensus price target of $171.00.

About Hawkins

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.