Hawkins Inc (HWKN US, +1, 13-Jun-24)

We ranked this stock +N on June 7th after purchases of $165,000 from James Faulconbridge (Director since 2006) at $86.52. Since that upgrade he has made two additional purchases, much more aggressive, spending another $640,000 at an average price of $87.65. Faulconbridge has been a board member for 18 years and yet these are his first purchases. 

The stock is near a multi-year high making those purchases even more unusual. Faulconbridge is President of Karges-Faulconbridge, Inc., an engineering and technical services firm. This is the first insider activity in the shares since 2022 when there was buying at half the current price. 

With the additional purchases and show of confidence from Faulconbridge we are upgrading the signal further, from +N (notable & positive) to +1 (strongly positive).