Nordea Investment Management AB Has $11.89 Million Position 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 the company in its most recent filing with the SEC. The institutional investor owned 95,931 shares of the specialty chemicals company’s stock after buying an additional 3,814 shares during the quarter. Nordea Investment Management AB’s holdings in Hawkins were worth $11,892,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in shares of Hawkins by 8,633.3% during the third quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 259 shares during the last quarter. GAMMA Investing LLC raised its holdings in Hawkins by 71.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 168 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Hawkins by 289.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 347 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Hawkins by 242.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 325 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Hawkins during the 3rd quarter worth approximately $100,000. 69.71% of the stock is currently owned by institutional investors.

Hawkins Stock Up 2.2 %

NASDAQ:HWKN opened at $118.10 on Thursday. The stock’s fifty day simple moving average is $125.76 and its 200-day simple moving average is $118.60. The firm has a market capitalization of $2.47 billion, a P/E ratio of 30.20, a P/E/G ratio of 4.51 and a beta of 0.84. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. Hawkins, Inc. has a 12-month low of $54.44 and a 12-month high of $139.55.

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

Hawkins Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a “neutral” rating and issued a $122.00 price objective on shares of Hawkins in a report on Thursday, October 31st.

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.