Handelsbanken Fonder AB Takes $613,000 Position in Hawkins, Inc. (NASDAQ:HWKN)

Handelsbanken Fonder AB bought a new position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,000 shares of the specialty chemicals company's stock, valued at approximately $613,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HWKN. Creative Planning lifted its stake in Hawkins by 30.6% in the third quarter. Creative Planning now owns 4,340 shares of the specialty chemicals company's stock valued at $553,000 after buying an additional 1,016 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Hawkins by 20.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,618 shares of the specialty chemicals company's stock worth $327,000 after purchasing an additional 439 shares in the last quarter. US Bancorp DE increased its position in Hawkins by 3.1% in the 3rd quarter. US Bancorp DE now owns 50,132 shares of the specialty chemicals company's stock valued at $6,390,000 after buying an additional 1,497 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Hawkins by 289.2% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company's stock worth $59,000 after acquiring an additional 347 shares in the last quarter. Finally, SpiderRock Advisors LLC acquired a new stake in Hawkins in the third quarter valued at approximately $685,000. Institutional investors and hedge funds own 69.71% of the company's stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a "neutral" rating and set a $122.00 price objective on shares of Hawkins in a report on Friday, January 31st.

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Hawkins Stock Up 2.5 %

Hawkins stock traded up $2.51 during trading on Wednesday, hitting $103.79. 171,164 shares of the company were exchanged, compared to its average volume of 150,032. The company has a current ratio of 2.50, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.17 billion, a P/E ratio of 26.48, a PEG ratio of 3.80 and a beta of 0.77. The business's 50 day moving average is $113.51 and its 200 day moving average is $120.68. Hawkins, Inc. has a 52 week low of $68.87 and a 52 week high of $139.55.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. Analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.72 annualized dividend and a yield of 0.69%. Hawkins's payout ratio is currently 18.37%.

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.