Hawkins, Inc. acquires Dave Symonds & Associates to enhance its Florida water treatment customer base.
Quiver AI Summary
Hawkins, Inc. has acquired the assets of Dave Symonds & Associates, a distributor of water treatment products, particularly blended phosphates for corrosion control, serving customers in Florida. This acquisition enhances Hawkins' market presence in Florida and aligns with their strategy to grow their Water Treatment business. CEO Patrick H. Hawkins expressed enthusiasm for the long-standing relationship with Dave Symonds and the potential for continued customer support and growth. Founded in 1938, Hawkins, Inc. operates numerous facilities across the U.S. and reported approximately $1.1 billion in revenue for fiscal 2026.
Potential Positives
- The acquisition of Dave Symonds & Associates, Inc. enhances Hawkins, Inc.'s customer reach in Florida, which may lead to increased sales and market share.
- This strategic tuck-in acquisition aligns with Hawkins' goal to grow its Water Treatment business, indicating effective execution of their growth strategy.
- The established reputation and loyal customer base of Dave Symonds can provide immediate value and stability for Hawkins, Inc. in the region.
Potential Negatives
- The press release focuses on an acquisition, which could imply that the company is facing challenges in organic growth and is relying on acquisitions to expand its business.
- The mention of reliance on a third-party distributor for a significant product line (blended phosphates) may expose Hawkins, Inc. to supply chain risks or dependency issues that could impact their operations.
- No financial details or projected impacts from the acquisition are provided, leaving uncertainty about how it will affect the company's financial health.
FAQ
What company did Hawkins, Inc. acquire?
Hawkins, Inc. acquired the assets of Dave Symonds & Associates, Inc.
What products does Dave Symonds distribute?
Dave Symonds distributes water treatment products, primarily blended phosphates for corrosion control and sequestration.
How does this acquisition impact Hawkins' operations in Florida?
The acquisition expands Hawkins' customer reach in Florida and supports their Water Treatment business growth strategy.
Who is the CEO of Hawkins, Inc.?
The CEO of Hawkins, Inc. is Patrick H. Hawkins.
What is the revenue of Hawkins, Inc. for fiscal 2026?
Hawkins, Inc. generated approximately $1.1 billion of revenue in fiscal 2026.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HWKN Insider Trading Activity
$HWKN insiders have traded $HWKN stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $HWKN stock by insiders over the last 6 months:
- JEFFREY P. OLDENKAMP (EXECUTIVE VP AND CFO) purchased 1,290 shares for an estimated $153,510
- DOUGLAS A. LANGE (VP - WATER TREATMENT GROUP) purchased 910 shares for an estimated $108,065
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$HWKN Revenue
$HWKN had revenues of $315.7M in Q1 2027. This is an increase of 7.64% from the same period in the prior year.
You can track HWKN financials on Quiver Quantitative's HWKN stock page.
You can access data on HWKN stock through the Quiver Quantitative API.
$HWKN Hedge Fund Activity
We have seen 172 institutional investors add shares of $HWKN stock to their portfolio, and 153 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 241,441 shares (+inf%) to their portfolio in Q2 2026, for an estimated $34,308,766
- WESTWOOD HOLDINGS GROUP INC removed 125,533 shares (-35.8%) from their portfolio in Q2 2026, for an estimated $17,838,239
- VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. removed 115,569 shares (-36.6%) from their portfolio in Q2 2026, for an estimated $16,422,354
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 98,043 shares (-6.4%) from their portfolio in Q2 2026, for an estimated $13,931,910
- SEGALL BRYANT & HAMILL, LLC added 89,592 shares (+inf%) to their portfolio in Q2 2026, for an estimated $12,731,023
- WASATCH ADVISORS LP removed 80,157 shares (-17.1%) from their portfolio in Q2 2026, for an estimated $11,390,309
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added 57,063 shares (+42.4%) to their portfolio in Q2 2026, for an estimated $8,108,652
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$HWKN Price Targets
Multiple analysts have issued price targets for $HWKN recently. We have seen 2 analysts offer price targets for $HWKN in the last 6 months, with a median target of $185.0.
Here are some recent targets:
- William Grippin from Barclays set a target price of $170.0 on 06/30/2026
- Hamed Khorsand from BWS Financial set a target price of $200.0 on 03/23/2026
Full Release
ROSEVILLE, Minn., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN), a leading water treatment and specialty ingredients company, has completed the acquisition of the assets of Dave Symonds & Associates, Inc. ("Dave Symonds"). Dave Symonds distributes water treatment products, primarily blended phosphates for corrosion control and sequestration, to water treatment customers in Florida.
"The acquisition of Dave Symonds expands our customer reach in Florida, and this tuck-in acquisition demonstrates our ability to execute on our strategy to grow our Water Treatment business," said Hawkins Chief Executive Officer, Patrick H. Hawkins.
Mr. Hawkins continued, "We have known Dave Symonds for many years and value the strong business and loyal customer following they have built. We look forward to continuing to support those customers and to our continued growth together."
About Hawkins, Inc.
Hawkins, Inc. was founded in 1938 and is a leading water treatment and specialty ingredients company that formulates, manufactures, distributes and blends products for its Water Treatment, Food & Health Sciences and Industrial Solutions customers. Headquartered in Roseville, Minnesota, the Company has 66 facilities in 28 states and creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated approximately $1.1 billion of revenue in fiscal 2026 and has approximately 1,200 employees. For more information, including registering to receive email alerts, please visit www.hawkinsinc.com/investors .
Contact: Jack Shufelt
Investor Relations, M&A and Treasury Director
612/617-8582
[email protected]
[email protected]
