Key Points
- Hawkins VP Douglas Lange bought 910 shares at an average price of $118.75, investing $108,062.50 and increasing his direct stake by 3.34% to 28,169 shares.
- Hawkins reported quarterly EPS of $1.35, below the $1.39 analyst consensus, while revenue of $315.68 million exceeded expectations. The company also declared a quarterly dividend of $0.19 per share.
- HWKN shares opened at $117.67, near their 12-month low of $116.04, and analysts’ average rating is Hold with a consensus price target of $171.00; institutional investors own 69.71% of the stock.
Hawkins, Inc. (NASDAQ:HWKN - Get Free Report) VP Douglas Lange bought 910 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were acquired at an average price of $118.75 per share, for a total transaction of $108,062.50. Following the transaction, the vice president directly owned 28,169 shares in the company, valued at $3,345,068.75. This trade represents a 3.34% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Hawkins Stock Performance
Shares of HWKN stock opened at $117.67 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45. The stock has a 50 day simple moving average of $136.93 and a 200-day simple moving average of $147.38. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 2.41 and a beta of 0.79. Hawkins, Inc. has a 12-month low of $116.04 and a 12-month high of $186.15.
Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.04). The business had revenue of $315.68 million during the quarter, compared to analysts' expectations of $313.42 million. Hawkins had a net margin of 7.29% and a return on equity of 15.42%. On average, equities analysts forecast that Hawkins, Inc. will post 4.1 EPS for the current year.
Hawkins Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, August 14th. Hawkins's payout ratio is presently 20.73%.
Institutional Investors Weigh In On Hawkins
Institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its stake in Hawkins by 14,584.4% in the 2nd quarter. California State Teachers Retirement System now owns 3,294,304 shares of the specialty chemicals company's stock valued at $468,121,000 after acquiring an additional 3,271,870 shares during the last quarter. BlackRock Inc. acquired a new position in Hawkins during the second quarter worth about $449,055,000. Vanguard Group Inc. raised its position in Hawkins by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,525,789 shares of the specialty chemicals company's stock worth $216,754,000 after acquiring an additional 20,958 shares during the last quarter. State Street Corp lifted its holdings in shares of Hawkins by 11.6% in the fourth quarter. State Street Corp now owns 1,067,451 shares of the specialty chemicals company's stock valued at $151,642,000 after purchasing an additional 111,318 shares in the last quarter. Finally, Wasatch Advisors LP lifted its holdings in shares of Hawkins by 31.4% in the fourth quarter. Wasatch Advisors LP now owns 552,419 shares of the specialty chemicals company's stock valued at $78,477,000 after purchasing an additional 131,850 shares in the last quarter. 69.71% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on HWKN. Barclays set a $142.00 price target on shares of Hawkins and gave the company an "equal weight" rating in a report on Friday, July 31st. Zacks Research downgraded shares of Hawkins from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. BWS Financial restated a "buy" rating and set a $200.00 target price on shares of Hawkins in a research report on Monday, August 3rd. Finally, Weiss Ratings cut shares of Hawkins from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hawkins currently has an average rating of "Hold" and a consensus target price of $171.00.
View Our Latest Report on HWKN
About Hawkins
(
Get Free Report)
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.
Further Reading
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