Hawkins, Inc. (NASDAQ:HWKN – Get Free Report) CFO Jeffrey Oldenkamp bought 1,290 shares of Hawkins stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 104,223 shares of the company’s stock, valued at $12,402,537. This trade represents a 1.25% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hawkins Stock Down 0.1%
HWKN opened at $120.27 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.27 and a quick ratio of 1.54. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 31.16, a price-to-earnings-growth ratio of 2.45 and a beta of 0.79. The business has a 50-day moving average of $135.26 and a two-hundred day moving average of $147.08. 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 announced its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $313.42 million. On average, research analysts expect that Hawkins, Inc. will post 4.1 earnings per share for the current year.
Hawkins Announces Dividend
Hedge Funds Weigh In On Hawkins
A number of institutional investors and hedge funds have recently bought and sold shares of HWKN. Kestra Advisory Services LLC purchased a new stake in shares of Hawkins during the fourth quarter valued at approximately $29,000. MBM Wealth Consultants LLC acquired a new stake in Hawkins during the 1st quarter valued at $33,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Hawkins during the 2nd quarter worth $37,000. Simplex Trading LLC increased its stake in Hawkins by 246.0% during the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 246 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Hawkins in the 3rd quarter worth $79,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.
Analyst Upgrades and Downgrades
HWKN has been the topic of several research reports. Barclays set a $142.00 target price on Hawkins and gave the stock an “equal weight” rating in a research report on Friday, July 31st. BWS Financial restated a “buy” rating and set a $200.00 price target on shares of Hawkins in a research note on Monday, August 3rd. Zacks Research downgraded Hawkins from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings lowered Hawkins from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hawkins currently has a consensus rating of “Hold” and a consensus target price of $171.00.
Check Out Our Latest Report on Hawkins
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.
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