Nordea Investment Management AB Has $11.89 Million Stock Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Nordea Investment Management AB boosted its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,931 shares of the specialty chemicals company’s stock after acquiring an additional 3,814 shares during the period. Nordea Investment Management AB owned approximately 0.46% of Hawkins worth $11,892,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HWKN. State Street Corp increased its position in shares of Hawkins by 5.4% during the third quarter. State Street Corp now owns 755,995 shares of the specialty chemicals company’s stock valued at $96,367,000 after purchasing an additional 38,877 shares during the period. Geode Capital Management LLC increased its holdings in Hawkins by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 523,514 shares of the specialty chemicals company’s stock valued at $66,743,000 after buying an additional 18,119 shares during the period. Westwood Holdings Group Inc. increased its holdings in Hawkins by 11.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 457,342 shares of the specialty chemicals company’s stock valued at $41,618,000 after buying an additional 47,129 shares during the period. American Century Companies Inc. raised its stake in shares of Hawkins by 22.4% in the 2nd quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock valued at $32,825,000 after buying an additional 66,109 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Hawkins by 20.9% during the 3rd quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock worth $32,663,000 after acquiring an additional 44,351 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “neutral” rating and set a $122.00 price target on shares of Hawkins in a research note on Thursday, October 31st.

Hawkins Stock Performance

Shares of NASDAQ:HWKN opened at $118.10 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39. The business’s fifty day moving average price is $125.76 and its two-hundred day moving average price is $118.60. Hawkins, Inc. has a fifty-two week low of $54.44 and a fifty-two week high of $139.55. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 4.51 and a beta of 0.84.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). The firm had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. As a group, analysts predict that Hawkins, Inc. will post 4.12 EPS for the current fiscal year.

Hawkins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, November 15th. Hawkins’s payout ratio is 18.41%.

Hawkins Profile

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.