SEB Asset Management AB Acquires New Stake in Hawkins, Inc. $HWKN

SEB Asset Management AB acquired a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,937 shares of the specialty chemicals company’s stock, valued at approximately $758,000.

Several other large investors have also bought and sold shares of HWKN. Values First Advisors Inc. grew its holdings in shares of Hawkins by 0.8% during the first quarter. Values First Advisors Inc. now owns 9,855 shares of the specialty chemicals company’s stock valued at $1,514,000 after buying an additional 79 shares during the last quarter. Truist Financial Corp increased its position in shares of Hawkins by 4.7% during the fourth quarter. Truist Financial Corp now owns 1,852 shares of the specialty chemicals company’s stock valued at $263,000 after acquiring an additional 83 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Hawkins by 0.6% in the 4th quarter. Farther Finance Advisors LLC now owns 15,090 shares of the specialty chemicals company’s stock worth $2,144,000 after acquiring an additional 88 shares during the last quarter. ProShare Advisors LLC raised its holdings in Hawkins by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 3,815 shares of the specialty chemicals company’s stock worth $542,000 after acquiring an additional 112 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in Hawkins by 0.9% in the 2nd quarter. Quantinno Capital Management LP now owns 13,618 shares of the specialty chemicals company’s stock valued at $1,935,000 after acquiring an additional 124 shares in the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Stock Performance

NASDAQ:HWKN opened at $139.03 on Friday. The stock has a 50-day simple moving average of $150.33 and a two-hundred day simple moving average of $150.50. Hawkins, Inc. has a 52-week low of $117.98 and a 52-week high of $186.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.46 and a current ratio of 2.21. The firm has a market capitalization of $2.91 billion, a PE ratio of 35.56, a P/E/G ratio of 2.51 and a beta of 0.78.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). Hawkins had a return on equity of 16.08% and a net margin of 7.53%.The company had revenue of $265.91 million during the quarter, compared to analysts’ expectations of $255.28 million. Analysts forecast that Hawkins, Inc. will post 4.27 EPS for the current year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Hawkins’s dividend payout ratio is currently 19.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HWKN shares. Weiss Ratings downgraded Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. Barclays set a $170.00 price target on Hawkins and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Hawkins presently has a consensus rating of “Hold” and an average target price of $185.00.

Hawkins Company Profile

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.