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

Hawkins, Inc. (NASDAQ:HWKN) CFO Jeffrey Oldenkamp purchased 1,290 shares of Hawkins 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 completion of the purchase, the chief financial officer owned 104,223 shares in the company, valued at approximately $12,402,537. This trade represents a 1.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hawkins Price Performance

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

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.04). The firm had revenue of $315.68 million for the quarter, compared to the consensus estimate of $313.42 million. Hawkins had a return on equity of 15.42% and a net margin of 7.29%. Equities research analysts anticipate that Hawkins, Inc. will post 4.1 EPS for the current fiscal year.

Hawkins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid 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 of this dividend was Friday, August 14th. Hawkins’s payout ratio is currently 20.73%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Hawkins during the fourth quarter valued at approximately $29,000. MBM Wealth Consultants LLC acquired a new position in Hawkins in the 1st quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. purchased a new position in Hawkins during the 2nd quarter worth approximately $37,000. Simplex Trading LLC grew its position in Hawkins by 246.0% during 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 3rd quarter valued at $79,000. 69.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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