Nordea Investment Management AB Increases Stock Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Nordea Investment Management AB increased its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 116.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,537 shares of the specialty chemicals company’s stock after acquiring an additional 56,330 shares during the quarter. Nordea Investment Management AB owned about 0.50% of Hawkins worth $8,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HWKN. AJOVista LLC purchased a new position in Hawkins during the fourth quarter valued at $26,000. USA Financial Formulas purchased a new position in Hawkins during the fourth quarter valued at $77,000. Quest Partners LLC purchased a new position in Hawkins during the fourth quarter valued at $108,000. AXS Investments LLC purchased a new position in Hawkins during the fourth quarter valued at $179,000. Finally, Cornerstone Investment Partners LLC purchased a new position in Hawkins during the first quarter valued at $210,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial raised their price target on Hawkins from $74.00 to $96.00 and gave the company a “buy” rating in a report on Friday, May 17th.

Hawkins Price Performance

Shares of NASDAQ:HWKN opened at $90.26 on Tuesday. Hawkins, Inc. has a 1-year low of $45.37 and a 1-year high of $92.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.96 and a quick ratio of 1.24. The business has a fifty day moving average price of $85.58 and a 200-day moving average price of $75.91. The company has a market capitalization of $1.89 billion, a PE ratio of 25.31, a PEG ratio of 4.10 and a beta of 0.72.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, May 15th. The specialty chemicals company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). Hawkins had a net margin of 8.20% and a return on equity of 19.41%. The company had revenue of $223.02 million for the quarter, compared to the consensus estimate of $217.49 million. As a group, equities analysts expect that Hawkins, Inc. will post 3.67 EPS for the current fiscal year.

Hawkins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.64 annualized dividend and a yield of 0.71%. Hawkins’s payout ratio is 17.83%.

Insider Buying and Selling

In other Hawkins news, Director James A. Faulconbridge acquired 2,000 shares of Hawkins stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average cost of $86.47 per share, for a total transaction of $172,940.00. Following the acquisition, the director now owns 44,017 shares of the company’s stock, valued at $3,806,149.99. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Hawkins news, Director James A. Faulconbridge acquired 2,000 shares of Hawkins stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average cost of $86.47 per share, for a total transaction of $172,940.00. Following the acquisition, the director now owns 44,017 shares of the company’s stock, valued at $3,806,149.99. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James A. Faulconbridge bought 1,300 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average cost of $86.50 per share, for a total transaction of $112,450.00. Following the completion of the transaction, the director now directly owns 38,117 shares of the company’s stock, valued at approximately $3,297,120.50. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 5,100 shares of company stock worth $442,998. 3.80% of the stock is owned by corporate insiders.

About Hawkins

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.