Nordea Investment Management AB Has $8.05 Million Stock Position in Hawkins, Inc. (NASDAQ:HWKN)

Nordea Investment Management AB grew its stake in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 116.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,537 shares of the specialty chemicals company's stock after purchasing an additional 56,330 shares during the quarter. Nordea Investment Management AB owned approximately 0.50% of Hawkins worth $8,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Hawkins by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 1,516,717 shares of the specialty chemicals company's stock valued at $106,807,000 after acquiring an additional 62,224 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Hawkins in the 4th quarter valued at $27,098,000. American Century Companies Inc. increased its holdings in shares of Hawkins by 51.1% in the 3rd quarter. American Century Companies Inc. now owns 119,740 shares of the specialty chemicals company's stock valued at $7,047,000 after acquiring an additional 40,492 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Hawkins by 16.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 118,017 shares of the specialty chemicals company's stock valued at $9,064,000 after acquiring an additional 16,236 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Hawkins by 5.6% in the 1st quarter. Principal Financial Group Inc. now owns 103,971 shares of the specialty chemicals company's stock valued at $7,985,000 after acquiring an additional 5,545 shares during the period. Institutional investors and hedge funds own 69.71% of the company's stock.

Insiders Place Their Bets

In other Hawkins news, Director James A. Faulconbridge acquired 1,300 shares of the firm's stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of $86.50 per share, for a total transaction of $112,450.00. Following the transaction, the director now directly owns 38,117 shares of the company's stock, valued at $3,297,120.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Hawkins news, Director James A. Faulconbridge acquired 1,300 shares of the firm's stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of $86.50 per share, for a total transaction of $112,450.00. Following the transaction, the director now directly owns 38,117 shares of the company's stock, valued at $3,297,120.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James A. Faulconbridge acquired 1,800 shares of the firm's stock in a transaction that occurred on Thursday, June 6th. The stock was acquired at an average price of $87.56 per share, for a total transaction of $157,608.00. Following the completion of the transaction, the director now directly owns 40,517 shares in the company, valued at $3,547,668.52. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 5,100 shares of company stock worth $442,998. Corporate insiders own 3.80% of the company's stock.

Analyst Ratings Changes

Separately, BWS Financial lifted their price objective on shares of Hawkins from $74.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, May 17th.

Hawkins Stock Performance

NASDAQ:HWKN traded down $1.05 during midday trading on Tuesday, reaching $89.81. The stock had a trading volume of 103,417 shares, compared to its average volume of 128,246. The firm has a fifty day simple moving average of $85.86 and a two-hundred day simple moving average of $76.04. Hawkins, Inc. has a 12-month low of $45.37 and a 12-month high of $92.91. The company has a quick ratio of 1.24, a current ratio of 1.96 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.89 billion, a P/E ratio of 25.02, a P/E/G ratio of 4.10 and a beta of 0.72.

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

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.16 per share. The ex-dividend date was Friday, May 31st. This represents a $0.64 annualized dividend and a dividend yield of 0.71%. Hawkins's payout ratio is currently 17.83%.

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.