James Faulconbridge Acquires 1,500 Shares of Hawkins (NASDAQ:HWKN) Stock

Hawkins, Inc. (NASDAQ:HWKN) Director James Faulconbridge purchased 1,500 shares of the stock in a transaction on Wednesday, February 4th. The shares were purchased at an average price of $129.29 per share, with a total value of $193,935.00. Following the acquisition, the director owned 50,907 shares in the company, valued at approximately $6,581,766.03. The trade was a 3.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hawkins Trading Up 3.4%

Shares of NASDAQ:HWKN traded up $4.41 during trading on Friday, reaching $134.38. The stock had a trading volume of 148,765 shares, compared to its average volume of 171,939. Hawkins, Inc. has a 52 week low of $98.30 and a 52 week high of $186.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.46 and a current ratio of 2.35. The firm’s fifty day moving average is $144.45 and its 200 day moving average is $155.35. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 2.73 and a beta of 0.86.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, January 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The firm had revenue of $244.08 million for the quarter, compared to the consensus estimate of $252.51 million. Hawkins had a return on equity of 16.85% and a net margin of 7.75%. As a group, equities analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, February 13th. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. Hawkins’s dividend payout ratio is presently 19.24%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. BWS Financial reissued a “buy” rating and issued a $200.00 price target on shares of Hawkins in a research note on Thursday, January 29th. Zacks Research upgraded shares of Hawkins from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Finally, Weiss Ratings lowered shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Hawkins has a consensus rating of “Hold” and an average price target of $162.50.

Institutional Investors Weigh In On Hawkins

A number of hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new position in shares of Hawkins during the third quarter worth approximately $27,000. First Horizon Corp acquired a new stake in Hawkins in the 3rd quarter valued at $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Hawkins during the 2nd quarter valued at $31,000. Sound Income Strategies LLC acquired a new position in Hawkins during the fourth quarter worth $34,000. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of Hawkins by 62.2% in the third quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock valued at $55,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

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.