Corient Private Wealth LP bought a new position in Hawkins, Inc. (NASDAQ:HWKN – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,949 shares of the specialty chemicals company’s stock, valued at approximately $1,272,000.
Several other hedge funds have also added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in shares of Hawkins in the 4th quarter valued at $29,000. MBM Wealth Consultants LLC bought a new stake in shares of Hawkins during the 1st quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Hawkins in the 2nd quarter valued at about $37,000. Simplex Trading LLC increased 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 valued at $49,000 after purchasing an additional 246 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Hawkins in the 3rd quarter valued at about $79,000. Institutional investors own 69.71% of the company’s stock.
Analysts Set New Price Targets
HWKN has been the topic of several analyst reports. BWS Financial reissued a “buy” rating and set a $200.00 target price on shares of Hawkins in a report on Monday, August 3rd. Barclays set a $142.00 target price on shares of Hawkins and gave the stock an “equal weight” rating in a report on Friday, July 31st. Weiss Ratings cut shares of Hawkins from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 27th. Finally, Zacks Research downgraded shares of Hawkins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $171.00.
Hawkins Stock Performance
Shares of HWKN opened at $129.13 on Friday. Hawkins, Inc. has a 12 month low of $116.04 and a 12 month high of $186.15. 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 firm’s fifty day simple moving average is $132.32 and its two-hundred day simple moving average is $146.53. The stock has a market capitalization of $2.70 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77.
Hawkins (NASDAQ:HWKN – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.04). The company had revenue of $315.68 million during the quarter, compared to analyst estimates of $313.42 million. Hawkins had a return on equity of 15.42% and a net margin of 7.29%. As a group, analysts predict that Hawkins, Inc. will post 4.1 EPS for the current year.
Hawkins Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, August 14th. Hawkins’s dividend payout ratio is currently 20.73%.
Insider Buying and Selling
In related news, CFO Jeffrey P. Oldenkamp purchased 1,290 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was acquired at an average cost of $119.00 per share, with a total value of $153,510.00. Following the transaction, the chief financial officer owned 104,223 shares of the company’s stock, valued at $12,402,537. This represents a 1.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Douglas Lange purchased 910 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average price of $118.75 per share, for a total transaction of $108,062.50. Following the completion of the acquisition, the vice president owned 28,169 shares of the company’s stock, valued at $3,345,068.75. The trade was a 3.34% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.70% of the stock is owned by company insiders.
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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