Hawkins (NASDAQ:HWKN) Downgraded to Sell at BidaskClub

Hawkins (NASDAQ:HWKN) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday, December 29th.

Shares of Hawkins (NASDAQ HWKN) opened at $36.05 on Friday. Hawkins has a 1-year low of $34.20 and a 1-year high of $54.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.52 and a quick ratio of 1.26. The firm has a market cap of $383.88, a P/E ratio of 20.25 and a beta of 0.73.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.49 EPS for the quarter. Hawkins had a net margin of 3.84% and a return on equity of 8.49%. The company had revenue of $125.40 million during the quarter.

In other news, Director Jeffrey L. Wright acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost of $34.47 per share, with a total value of $103,410.00. Following the transaction, the director now owns 14,356 shares in the company, valued at $494,851.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.70% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Hawkins during the 2nd quarter worth $509,000. HPM Partners LLC increased its stake in Hawkins by 38.4% in the second quarter. HPM Partners LLC now owns 27,675 shares of the specialty chemicals company’s stock valued at $1,287,000 after purchasing an additional 7,675 shares during the period. Vanguard Group Inc. increased its stake in Hawkins by 3.4% in the second quarter. Vanguard Group Inc. now owns 635,831 shares of the specialty chemicals company’s stock valued at $29,470,000 after purchasing an additional 21,199 shares during the period. Prudential Financial Inc. increased its stake in Hawkins by 32.1% in the second quarter. Prudential Financial Inc. now owns 25,036 shares of the specialty chemicals company’s stock valued at $1,161,000 after purchasing an additional 6,090 shares during the period. Finally, Alliancebernstein L.P. acquired a new position in Hawkins in the second quarter valued at $269,000. Hedge funds and other institutional investors own 59.30% of the company’s stock.

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About Hawkins

Hawkins, Inc distributes, blends and manufactures chemicals and specialty ingredients for its customers in a range of industries. The Company conducts its business in three segments: Industrial, Water Treatment, and Health and Nutrition. Its Industrial segment is engaged in providing industrial chemicals, products and services to various industries, such as agriculture, chemical processing, electronics and energy.

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