KLP Kapitalforvaltning AS Invests $503,000 in Hawkins, Inc. (NASDAQ:HWKN)

KLP Kapitalforvaltning AS purchased a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,100 shares of the specialty chemicals company's stock, valued at approximately $503,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in shares of Hawkins by 155.4% during the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 216 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Hawkins by 262.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock worth $55,000 after acquiring an additional 320 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Hawkins by 242.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company's stock worth $59,000 after acquiring an additional 325 shares in the last quarter. KBC Group NV raised its holdings in shares of Hawkins by 37.0% in the fourth quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock valued at $116,000 after purchasing an additional 256 shares during the last quarter. Finally, Longboard Asset Management LP bought a new stake in shares of Hawkins in the fourth quarter worth $212,000. Institutional investors and hedge funds own 69.71% of the company's stock.

Hawkins Stock Down 2.0 %

Shares of NASDAQ:HWKN traded down $2.15 during trading on Tuesday, hitting $103.32. 117,286 shares of the company were exchanged, compared to its average volume of 123,870. Hawkins, Inc. has a fifty-two week low of $71.98 and a fifty-two week high of $139.55. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 3.80 and a beta of 0.82. 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 firm has a fifty day moving average price of $107.41 and a two-hundred day moving average price of $117.99.

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

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.70%. Hawkins's payout ratio is 18.37%.

Wall Street Analyst Weigh In

HWKN has been the subject of a number of analyst reports. BWS Financial reaffirmed a "neutral" rating and issued a $122.00 target price on shares of Hawkins in a research report on Friday, January 31st. CJS Securities assumed coverage on shares of Hawkins in a research note on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 price objective for the company.

Hawkins Company 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.