Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 18.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,732 shares of the specialty chemicals company's stock after selling 4,129 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.08% of Hawkins worth $2,194,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HWKN. Crossmark Global Holdings Inc. purchased a new stake in shares of Hawkins in the 3rd quarter worth approximately $229,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Hawkins in the 3rd quarter worth approximately $2,021,000. Victory Capital Management Inc. lifted its position in shares of Hawkins by 26.9% in the 3rd quarter. Victory Capital Management Inc. now owns 112,966 shares of the specialty chemicals company's stock worth $14,400,000 after purchasing an additional 23,940 shares during the period. Natixis Advisors LLC purchased a new stake in shares of Hawkins in the 3rd quarter worth approximately $2,495,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Hawkins in the 3rd quarter worth approximately $5,528,000. Hedge funds and other institutional investors own 69.71% of the company's stock.

Wall Street Analyst Weigh In

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

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Hawkins Stock Down 1.9 %

NASDAQ:HWKN traded down $1.98 during midday trading on Thursday, reaching $105.01. 97,259 shares of the stock traded hands, compared to its average volume of 120,079. Hawkins, Inc. has a 12-month low of $71.20 and a 12-month high of $139.55. The business has a 50-day moving average of $109.75 and a two-hundred day moving average of $119.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50. The stock has a market capitalization of $2.20 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77.

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

Hawkins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.18 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.69%. Hawkins's payout ratio is currently 18.37%.

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.