BidaskClub Lowers Hawkins (HWKN) to Sell

BidaskClub downgraded shares of Hawkins (NASDAQ:HWKN) from a hold rating to a sell rating in a research note released on Saturday.

HWKN has been the topic of a number of other research reports. TheStreet raised shares of Hawkins from a d+ rating to a c- rating in a research note on Monday, July 2nd. ValuEngine raised shares of Hawkins from a sell rating to a hold rating in a research note on Friday, August 3rd.

NASDAQ:HWKN opened at $38.97 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.35 and a debt-to-equity ratio of 0.43. The company has a market cap of $444.03 million, a price-to-earnings ratio of 24.24 and a beta of 0.73. Hawkins has a fifty-two week low of $30.55 and a fifty-two week high of $42.85.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Wednesday, August 1st. The specialty chemicals company reported $0.85 earnings per share for the quarter. The company had revenue of $149.80 million for the quarter. Hawkins had a negative net margin of 1.13% and a positive return on equity of 8.24%.

Several hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Hawkins by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 52,758 shares of the specialty chemicals company’s stock valued at $1,865,000 after acquiring an additional 1,530 shares during the period. First Trust Advisors LP raised its stake in shares of Hawkins by 17.9% in the 2nd quarter. First Trust Advisors LP now owns 10,776 shares of the specialty chemicals company’s stock valued at $381,000 after acquiring an additional 1,633 shares during the period. IndexIQ Advisors LLC raised its stake in shares of Hawkins by 2.8% in the 2nd quarter. IndexIQ Advisors LLC now owns 62,230 shares of the specialty chemicals company’s stock valued at $2,200,000 after acquiring an additional 1,672 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Hawkins by 47.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,280 shares of the specialty chemicals company’s stock valued at $187,000 after acquiring an additional 1,690 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Hawkins by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 167,414 shares of the specialty chemicals company’s stock valued at $5,919,000 after acquiring an additional 1,818 shares during the period. 56.35% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Company Profile

Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationaly. It operates in three segments: Industrial, Water Treatment, and Health and Nutrition. It provides industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.

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