Jupiter Topco LLC acquired a new position in shares of Hawkins, Inc. (NASDAQ:HWKN – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,490 shares of the specialty chemicals company’s stock, valued at approximately $1,348,000.
Several other large investors have also bought and sold shares of HWKN. BlackRock Inc. acquired a new stake in Hawkins in the second quarter valued at approximately $449,055,000. Vanguard Group Inc. lifted its stake in shares of Hawkins by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,525,789 shares of the specialty chemicals company’s stock valued at $216,754,000 after acquiring an additional 20,958 shares during the last quarter. State Street Corp boosted its holdings in shares of Hawkins by 11.6% during the 4th quarter. State Street Corp now owns 1,067,451 shares of the specialty chemicals company’s stock valued at $151,642,000 after acquiring an additional 111,318 shares in the last quarter. Wasatch Advisors LP grew its position in Hawkins by 31.4% during the 4th quarter. Wasatch Advisors LP now owns 552,419 shares of the specialty chemicals company’s stock worth $78,477,000 after acquiring an additional 131,850 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Hawkins by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 513,535 shares of the specialty chemicals company’s stock worth $72,965,000 after purchasing an additional 13,828 shares in the last quarter. 69.71% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Hawkins
In related news, CFO Jeffrey P. Oldenkamp bought 1,290 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was acquired at an average price of $119.00 per share, for a total transaction of $153,510.00. Following the purchase, the chief financial officer directly owned 104,223 shares in the company, valued at $12,402,537. This trade represents a 1.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Douglas Lange bought 910 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average cost of $118.75 per share, for a total transaction of $108,062.50. Following the acquisition, 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 SEC filing for this purchase provides additional information. Corporate insiders own 3.70% of the company’s stock.
Hawkins Stock Down 0.2%
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). Hawkins had a return on equity of 15.42% and a net margin of 7.29%.The firm had revenue of $315.68 million for the quarter, compared to analyst estimates of $313.42 million. Equities analysts predict that Hawkins, Inc. will post 4.1 EPS for the current year.
Hawkins Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.19 dividend. 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 payout ratio is 20.73%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on HWKN shares. BWS Financial reissued a “buy” rating and set a $200.00 price target on shares of Hawkins in a research note on Monday, August 3rd. Weiss Ratings lowered shares of Hawkins from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 27th. Barclays set a $142.00 target price on shares of Hawkins and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Finally, Zacks Research cut shares of Hawkins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hawkins presently has an average rating of “Hold” and an average target price of $171.00.
Get Our Latest Stock Analysis on Hawkins
Hawkins Company Profile
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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