Insider Buying: Hawkins (NASDAQ:HWKN) VP Purchases $108,062.50 in Stock

Key Points

• Insider buying: Hawkins VP Douglas Lange purchased 910 shares at $118.75 each, investing $108,062.50 and increasing his direct ownership by 3.34% to 28,169 shares.
• Recent performance: Hawkins shares fell 0.8% to $117.67 and are near their one-year low. The company’s latest quarterly EPS of $1.35 missed estimates, although revenue exceeded expectations.
• Mixed outlook: Analysts’ average rating is “Hold,” with a $171 price target, while ratings range from “Strong Sell” to “Buy.” Hawkins also declared a quarterly dividend of $0.19 per share, representing a 0.6% yield.

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report) VP Douglas Lange bought 910 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $118.75 per share, for a total transaction of $108,062.50. Following the completion of the acquisition, the vice president directly owned 28,169 shares in the company, valued at approximately $3,345,068.75. This trade represents a 3.34% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hawkins Trading Down 0.8%

HWKN stock traded down $0.90 during trading on Thursday, hitting $117.67. The company had a trading volume of 153,527 shares, compared to its average volume of 162,307. The stock has a market cap of $2.46 billion, a PE ratio of 30.48, a PEG ratio of 2.41 and a beta of 0.79. The business has a 50-day moving average of $137.82 and a 200-day moving average of $147.50. 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 one year low of $116.04 and a one year high of $186.15.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $313.42 million. Research analysts predict that Hawkins, Inc. will post 4.1 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th. Hawkins's dividend payout ratio (DPR) is currently 20.73%.

Analysts Set New Price Targets

A number of analysts have commented on HWKN shares. BWS Financial reaffirmed a "buy" rating and set a $200.00 price target on shares of Hawkins in a research report on Monday, August 3rd. Zacks Research lowered Hawkins from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 4th. Weiss Ratings downgraded Hawkins from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, July 14th. Finally, Barclays set a $142.00 target price on Hawkins and gave the company an "equal weight" rating in a research report on Friday, July 31st. 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. According to MarketBeat.com, Hawkins has an average rating of "Hold" and an average price target of $171.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Values First Advisors Inc. raised its stake in Hawkins by 0.8% in the first quarter. Values First Advisors Inc. now owns 9,855 shares of the specialty chemicals company's stock valued at $1,514,000 after purchasing an additional 79 shares in the last quarter. Truist Financial Corp grew its stake in Hawkins by 4.7% in the 4th quarter. Truist Financial Corp now owns 1,852 shares of the specialty chemicals company's stock worth $263,000 after buying an additional 83 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Hawkins by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 3,815 shares of the specialty chemicals company's stock worth $542,000 after buying an additional 112 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Hawkins by 0.9% in the 2nd quarter. Quantinno Capital Management LP now owns 13,618 shares of the specialty chemicals company's stock worth $1,935,000 after buying an additional 124 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of Hawkins by 6.1% during the 1st quarter. Sanctuary Advisors LLC now owns 2,371 shares of the specialty chemicals company's stock valued at $364,000 after buying an additional 137 shares in the last quarter. 69.71% of the stock is currently owned by institutional investors and hedge funds.

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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