BidaskClub Downgrades Hawkins (NASDAQ:HWKN) to Sell

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Hawkins (NASDAQ:HWKN) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday, BidAskClub reports.

Separately, ValuEngine raised shares of Hawkins from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.

HWKN stock traded up $0.30 during mid-day trading on Tuesday, reaching $42.64. 290 shares of the stock traded hands, compared to its average volume of 34,450. The company has a market cap of $454.77 million, a P/E ratio of 16.85 and a beta of 0.89. Hawkins has a 52-week low of $32.79 and a 52-week high of $47.94. The company has a current ratio of 2.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average is $43.84 and its 200-day moving average is $43.18.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.87 earnings per share (EPS) for the quarter. The company had revenue of $140.04 million during the quarter. Hawkins had a net margin of 4.91% and a return on equity of 12.14%.

Several institutional investors and hedge funds have recently bought and sold shares of HWKN. Russell Investments Group Ltd. bought a new position in Hawkins during the third quarter valued at approximately $110,000. Hancock Whitney Corp bought a new position in Hawkins during the second quarter valued at about $200,000. AdvisorNet Financial Inc acquired a new stake in shares of Hawkins in the third quarter worth about $203,000. Citadel Advisors LLC acquired a new stake in shares of Hawkins in the second quarter worth about $273,000. Finally, State of Alaska Department of Revenue lifted its position in shares of Hawkins by 124.4% in the third quarter. State of Alaska Department of Revenue now owns 7,295 shares of the specialty chemicals company’s stock worth $310,000 after buying an additional 4,044 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

About Hawkins

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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