Hawkins, Inc. $HWKN Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB increased its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,208 shares of the specialty chemicals company’s stock after acquiring an additional 3,327 shares during the quarter. Nordea Investment Management AB owned about 0.48% of Hawkins worth $17,886,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HWKN. AQR Capital Management LLC increased its position in shares of Hawkins by 9.0% during the first quarter. AQR Capital Management LLC now owns 12,331 shares of the specialty chemicals company’s stock worth $1,306,000 after purchasing an additional 1,017 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Hawkins by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,499 shares of the specialty chemicals company’s stock worth $1,218,000 after buying an additional 494 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Hawkins by 9.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 52,778 shares of the specialty chemicals company’s stock worth $5,590,000 after buying an additional 4,400 shares during the last quarter. Jane Street Group LLC lifted its stake in Hawkins by 83.2% in the first quarter. Jane Street Group LLC now owns 38,416 shares of the specialty chemicals company’s stock valued at $4,069,000 after buying an additional 17,447 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Hawkins in the first quarter valued at approximately $816,000. Institutional investors and hedge funds own 69.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HWKN shares. BWS Financial reaffirmed a “buy” rating and issued a $200.00 target price on shares of Hawkins in a report on Monday, November 3rd. Zacks Research raised shares of Hawkins from a “strong sell” rating to a “hold” rating in a research report on Friday, January 2nd. Finally, Weiss Ratings downgraded shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $162.50.

Hawkins Stock Performance

Shares of HWKN opened at $153.19 on Friday. The stock has a market capitalization of $3.20 billion, a P/E ratio of 38.49, a P/E/G ratio of 2.35 and a beta of 0.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 2.43. Hawkins, Inc. has a 1 year low of $98.30 and a 1 year high of $186.15. The company’s fifty day moving average is $139.49 and its two-hundred day moving average is $156.40.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, October 29th. The specialty chemicals company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.16). Hawkins had a return on equity of 17.42% and a net margin of 7.95%.The firm had revenue of $280.43 million during the quarter, compared to analyst estimates of $284.42 million. On average, sell-side analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a dividend of $0.19 per share. The ex-dividend date was Friday, November 14th. This represents a $0.76 annualized dividend and a yield of 0.5%. Hawkins’s payout ratio is presently 19.10%.

Insider Transactions at Hawkins

In other Hawkins news, VP Drew M. Grahek bought 1,587 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of $126.34 per share, with a total value of $200,501.58. Following the purchase, the vice president owned 39,640 shares in the company, valued at approximately $5,008,117.60. This represents a 4.17% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.10% of the company’s stock.

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.