Hawkins (NASDAQ:HWKN) VP Douglas Lange Purchases 910 Shares

Hawkins, Inc. (NASDAQ:HWKN) VP Douglas Lange acquired 910 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average cost of $118.75 per share, with a total value of $108,062.50. Following the completion of the transaction, the vice president owned 28,169 shares in the company, valued at approximately $3,345,068.75. The trade was a 3.34% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hawkins Stock Performance

Shares of HWKN stock opened at $117.67 on Friday. The company has a market cap of $2.46 billion, a P/E ratio of 30.48, a PEG ratio of 2.41 and a beta of 0.79. The firm has a fifty day moving average price of $136.93 and a 200 day moving average price of $147.38. The company has a current ratio of 2.27, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45. Hawkins, Inc. has a 12 month low of $116.04 and a 12 month high of $186.15.

Hawkins (NASDAQ:HWKN) 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 analyst estimates of $313.42 million. Hawkins had a net margin of 7.29% and a return on equity of 15.42%. Sell-side analysts predict that Hawkins, Inc. will post 4.1 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders 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 of this dividend is Friday, August 14th. Hawkins’s dividend payout ratio (DPR) is 20.73%.

Hedge Funds Weigh In On Hawkins

A number of hedge funds and other institutional investors have recently bought and sold shares of HWKN. California State Teachers Retirement System increased 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 buying an additional 3,271,870 shares during the period. BlackRock Inc. acquired a new stake in shares of Hawkins in the 2nd quarter worth $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 worth $216,754,000 after acquiring an additional 20,958 shares during the period. State Street Corp boosted 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 acquiring an additional 111,318 shares in the last quarter. Finally, Wasatch Advisors LP boosted 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 acquiring an additional 131,850 shares in the last quarter. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HWKN. Zacks Research cut Hawkins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. BWS Financial reissued a “buy” rating and set a $200.00 price objective on shares of Hawkins in a report on Monday, August 3rd. Weiss Ratings cut shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. Finally, Barclays set a $142.00 price objective on shares of Hawkins and gave the stock an “equal weight” rating in a research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $171.00.

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.