Hawkins (NASDAQ:HWKN) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Shares of Hawkins (HWKN) traded up $0.40 during midday trading on Friday, reaching $36.05. The company’s stock had a trading volume of 30,000 shares, compared to its average volume of 29,936. The company has a quick ratio of 1.26, a current ratio of 2.52 and a debt-to-equity ratio of 0.46. Hawkins has a 52 week low of $34.20 and a 52 week high of $54.80. The company has a market capitalization of $380.15, a PE ratio of 20.25 and a beta of 0.73.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, November 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter. Hawkins had a return on equity of 9.28% and a net margin of 4.15%. The company had revenue of $125.40 million for the quarter.

In related news, Director Jeffrey L. Wright acquired 3,000 shares of Hawkins stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $34.47 per share, with a total value of $103,410.00. Following the completion of the purchase, the director now directly owns 14,356 shares of the company’s stock, valued at approximately $494,851.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HWKN. Municipal Employees Retirement System of Michigan grew its stake in shares of Hawkins by 2.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the specialty chemicals company’s stock valued at $185,000 after buying an additional 80 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Hawkins by 1.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 48,647 shares of the specialty chemicals company’s stock valued at $2,255,000 after buying an additional 541 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Hawkins by 11.7% during the second quarter. Legal & General Group Plc now owns 17,555 shares of the specialty chemicals company’s stock valued at $815,000 after buying an additional 1,837 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Hawkins by 61.0% during the second quarter. BNP Paribas Arbitrage SA now owns 2,789 shares of the specialty chemicals company’s stock valued at $129,000 after buying an additional 1,057 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Hawkins by 32.1% during the second quarter. Prudential Financial Inc. now owns 25,036 shares of the specialty chemicals company’s stock valued at $1,161,000 after buying an additional 6,090 shares during the last quarter. 59.30% of the stock is currently owned by hedge funds and other institutional investors.

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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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