Jupiter Topco LLC Acquires New Holdings in Hawkins, Inc. $HWKN

Key Points

• Jupiter Topco LLC acquired 9,490 Hawkins shares worth approximately $1.35 million in the second quarter. Institutional investors and hedge funds now own 69.71% of the company.
• Hawkins insiders also increased their positions: the vice president bought 910 shares and the CFO purchased 1,290 shares in August. The company paid a quarterly dividend of $0.19 per share, representing a 0.6% annualized yield.
• Hawkins reported quarterly EPS of $1.35, below the $1.39 consensus estimate, while revenue of $315.68 million exceeded expectations. Analyst sentiment remains mixed, with a consensus “Hold” rating and a $171 price target versus a recent share price of $129.13.

Jupiter Topco LLC bought a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,490 shares of the specialty chemicals company's stock, valued at approximately $1,348,000.

Several other large investors have also recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new stake in Hawkins in the fourth quarter worth about $29,000. MBM Wealth Consultants LLC acquired a new position in shares of Hawkins in the 1st quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Hawkins in the 2nd quarter worth approximately $37,000. Simplex Trading LLC raised its holdings in shares of Hawkins by 246.0% in the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company's stock worth $49,000 after purchasing an additional 246 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Hawkins during the third quarter valued at approximately $79,000. Institutional investors and hedge funds own 69.71% of the company's stock.

Insider Activity at Hawkins

In other news, VP Douglas A. Lange purchased 910 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were purchased at an average price of $118.75 per share, with a total value of $108,062.50. Following the purchase, the vice president directly owned 28,169 shares of the company's stock, valued at $3,345,068.75. This trade represents a 3.34% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey P. Oldenkamp purchased 1,290 shares of Hawkins stock in a transaction that occurred on 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 directly owned 104,223 shares of the company's stock, valued at approximately $12,402,537. The trade was a 1.25% increase in their position. The SEC filing for this purchase provides additional information. 3.70% of the stock is owned by insiders.

Hawkins Stock Performance

NASDAQ:HWKN opened at $129.13 on Friday. Hawkins, Inc. has a 1 year low of $116.04 and a 1 year high of $186.15. The firm has a 50 day moving average of $132.32 and a 200-day moving average of $146.53. 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 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 released 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). Hawkins had a return on equity of 15.42% and a net margin of 7.29%.The business had revenue of $315.68 million for the quarter, compared to the consensus estimate of $313.42 million. As a group, sell-side analysts anticipate that Hawkins, Inc. will post 4.1 EPS for the current fiscal year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.19 per share. The ex-dividend date was Friday, August 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. Hawkins's payout ratio is presently 20.73%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Zacks Research cut Hawkins from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. Barclays set a $142.00 price objective on Hawkins and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Weiss Ratings lowered shares of Hawkins from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, August 27th. Finally, BWS Financial reiterated a "buy" rating and issued a $200.00 price objective on shares of Hawkins in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Hawkins currently has a consensus rating of "Hold" and a consensus price target of $171.00.

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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