James A. Faulconbridge Buys 1,300 Shares of Hawkins, Inc. (NASDAQ:HWKN) Stock

Hawkins, Inc. (NASDAQ:HWKNGet Free Report) Director James A. Faulconbridge bought 1,300 shares of Hawkins stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average price of $86.50 per share, with a total value of $112,450.00. Following the purchase, the director now owns 38,117 shares in the company, valued at $3,297,120.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hawkins Stock Performance

Shares of HWKN stock opened at $86.69 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.24 and a current ratio of 1.96. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 24.15 and a beta of 0.78. Hawkins, Inc. has a 52 week low of $45.37 and a 52 week high of $89.82. The firm’s 50-day simple moving average is $80.03 and its two-hundred day simple moving average is $72.11.

Hawkins (NASDAQ:HWKNGet Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The specialty chemicals company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). Hawkins had a return on equity of 19.41% and a net margin of 8.20%. The company had revenue of $223.02 million during the quarter, compared to the consensus estimate of $217.49 million. As a group, equities analysts forecast that Hawkins, Inc. will post 3.6 earnings per share for the current year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.64 dividend on an annualized basis and a yield of 0.74%. Hawkins’s dividend payout ratio is presently 17.83%.

Analysts Set New Price Targets

HWKN has been the subject of several analyst reports. BWS Financial increased their price objective on shares of Hawkins from $74.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, May 17th. StockNews.com cut Hawkins from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

Read Our Latest Stock Analysis on Hawkins

Institutional Trading of Hawkins

Several hedge funds and other institutional investors have recently modified their holdings of HWKN. AJOVista LLC bought a new stake in Hawkins during the 4th quarter valued at $26,000. USA Financial Formulas purchased a new stake in Hawkins during the 4th quarter worth about $77,000. Quest Partners LLC purchased a new stake in shares of Hawkins in the fourth quarter worth about $108,000. AXS Investments LLC bought a new position in Hawkins in the 4th quarter valued at $179,000. Finally, Shell Asset Management Co. boosted its stake in Hawkins by 36.9% during the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock valued at $180,000 after buying an additional 631 shares during the period. Institutional investors own 69.71% of the company’s stock.

About Hawkins

(Get Free Report)

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.

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