Hawkins (NASDAQ:HWKN) CFO Purchases 1,290 Shares

Key Points

• Hawkins CFO Jeffrey Oldenkamp purchased 1,290 shares at $119 each, investing $153,510 and increasing his direct ownership by 1.25% to 104,223 shares.
• Hawkins shares recently traded near $120, close to their 52-week low of $116.04 and well below the $186.15 high. The company’s latest quarterly EPS of $1.35 fell short of estimates, although revenue exceeded expectations.
• Analyst sentiment is mixed, with a consensus “Hold” rating and a $171 price target. Hawkins also maintains a quarterly dividend of $0.19 per share, yielding about 0.6% annually.

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report) CFO Jeffrey Oldenkamp bought 1,290 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was bought at an average cost of $119.00 per share, with a total value of $153,510.00. Following the transaction, the chief financial officer directly owned 104,223 shares in the company, valued at approximately $12,402,537. The trade was a 1.25% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hawkins Stock Down 0.1%

Shares of Hawkins stock traded down $0.08 during trading on Monday, reaching $120.27. The company had a trading volume of 122,446 shares, compared to its average volume of 162,061. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 31.16, a price-to-earnings-growth ratio of 2.45 and a beta of 0.79. The firm's fifty day moving average is $136.09 and its 200-day moving average is $147.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.54 and a current ratio of 2.27. Hawkins, Inc. has a fifty-two week low of $116.04 and a fifty-two week high of $186.15.

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 firm 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%. On average, analysts anticipate that Hawkins, Inc. will post 4.1 EPS for the current year.

Hawkins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders 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 payout ratio is 20.73%.

Analysts Set New Price Targets

HWKN has been the subject of a number of research reports. Weiss Ratings downgraded shares of Hawkins from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday. 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. Zacks Research downgraded shares of Hawkins from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 4th. Finally, BWS Financial reaffirmed a "buy" rating and set a $200.00 price objective on shares of Hawkins in a research report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $171.00.

Institutional Investors Weigh In On Hawkins

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new position in shares of Hawkins during the fourth quarter worth about $29,000. MBM Wealth Consultants LLC acquired a new position in shares of Hawkins during the first quarter valued at $33,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Hawkins during the second quarter valued at about $37,000. Simplex Trading LLC lifted its holdings in Hawkins by 246.0% in the fourth quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company's stock worth $49,000 after purchasing an additional 246 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in Hawkins in the third quarter worth about $79,000. 69.71% of the stock is owned by institutional investors and hedge funds.

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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