Hawkins, Inc. (NASDAQ:HWKN - Get Free Report) CFO Jeffrey Oldenkamp acquired 1,290 shares of the company's stock in a transaction on Thursday, August 27th. The shares were acquired at an average price of $119.00 per share, for a total transaction of $153,510.00. Following the completion of the acquisition, the chief financial officer directly owned 104,223 shares in the company, valued at $12,402,537. The trade was a 1.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Hawkins Stock Performance
Shares of HWKN opened at $120.27 on Tuesday. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 2.45 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's 50 day moving average is $135.26 and its two-hundred day moving average is $147.08. Hawkins, Inc. has a 52-week low of $116.04 and a 52-week high of $186.15.
Hawkins (NASDAQ:HWKN - Get Free Report) last released 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). Hawkins had a return on equity of 15.42% and a net margin of 7.29%.The company had revenue of $315.68 million for the quarter, compared to analyst estimates of $313.42 million. Analysts forecast that Hawkins, Inc. will post 4.1 EPS for the current fiscal year.
Hawkins Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. Hawkins's dividend payout ratio (DPR) is presently 20.73%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Zacks Research lowered Hawkins from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. Weiss Ratings downgraded Hawkins from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday. BWS Financial reiterated a "buy" rating and issued a $200.00 target price on shares of Hawkins in a research report on Monday, August 3rd. Finally, Barclays set a $142.00 price target on Hawkins and gave the company an "equal weight" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $171.00.
Get Our Latest Stock Report on Hawkins
Institutional Investors Weigh In On Hawkins
Several large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LP lifted its stake in Hawkins by 79.5% in the second quarter. Corient Private Wealth LP now owns 8,842 shares of the specialty chemicals company's stock valued at $1,256,000 after buying an additional 3,917 shares during the last quarter. Giverny Capital Inc. bought a new position in shares of Hawkins during the second quarter worth about $13,493,000. California State Teachers Retirement System grew its position in shares of Hawkins by 14,584.4% during the second quarter. California State Teachers Retirement System now owns 3,294,304 shares of the specialty chemicals company's stock worth $468,121,000 after acquiring an additional 3,271,870 shares during the last quarter. Round Rock Advisors LLC acquired a new stake in shares of Hawkins in the 2nd quarter worth about $336,000. Finally, Nykredit A S bought a new stake in Hawkins in the 2nd quarter valued at about $125,000. 69.71% of the stock is owned by institutional investors and hedge funds.
Hawkins Company Profile
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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.
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