Jeffrey Oldenkamp Acquires 1,290 Shares of Hawkins (NASDAQ:HWKN) Stock

Hawkins, Inc. (NASDAQ:HWKN) CFO Jeffrey Oldenkamp acquired 1,290 shares of the stock in a transaction dated Thursday, August 27th. The shares were bought at an average cost of $119.00 per share, with a total value of $153,510.00. Following the completion of the transaction, the chief financial officer owned 104,223 shares of the company’s stock, valued at approximately $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 is available through this link.

Hawkins Trading Up 3.6%

Shares of NASDAQ:HWKN opened at $124.58 on Wednesday. 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 company’s 50 day moving average is $134.48 and its two-hundred day moving average is $146.90. The company has a market cap of $2.60 billion, a PE ratio of 32.27, a P/E/G ratio of 2.45 and a beta of 0.78. Hawkins, Inc. has a 52 week low of $116.04 and a 52 week 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%. Equities analysts predict that Hawkins, Inc. will post 4.1 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued 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 Analysts Forecast Growth

Several brokerages recently issued reports on HWKN. Weiss Ratings cut Hawkins from a “hold (c+)” rating to a “hold (c)” rating in a research 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 note on Friday, July 31st. Zacks Research downgraded shares of Hawkins from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Finally, BWS Financial reiterated a “buy” rating and set a $200.00 price target on shares of Hawkins in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hawkins has an average rating of “Hold” and a consensus target price of $171.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HWKN. Kestra Advisory Services LLC acquired a new stake in Hawkins in the fourth quarter valued at $29,000. MBM Wealth Consultants LLC acquired a new position in shares of Hawkins during the 1st quarter worth $33,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Hawkins in the 2nd quarter valued at about $37,000. Simplex Trading LLC lifted its stake 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 period. Finally, Advisory Services Network LLC acquired a new stake in shares of Hawkins in the third quarter valued at about $79,000. Institutional investors and hedge funds own 69.71% of the company’s stock.

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.