Hawkins (HWKN) Cut to “Strong Sell” at BidaskClub

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

Hawkins (NASDAQ HWKN) opened at $35.35 on Thursday. The firm has a market cap of $378.55, a price-to-earnings ratio of 19.86 and a beta of 0.73. Hawkins has a fifty-two week low of $34.20 and a fifty-two week high of $54.55. The company has a current ratio of 2.52, a quick ratio of 1.26 and a debt-to-equity ratio of 0.46.

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

In other news, Director Jeffrey L. Wright bought 3,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $34.47 per share, for a total transaction of $103,410.00. Following the completion of the acquisition, the director now owns 14,356 shares in the company, valued at $494,851.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hawkins in the second quarter valued at $509,000. Vanguard Group Inc. increased its holdings in shares of 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 last quarter. Prudential Financial Inc. increased its holdings in shares of 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 last quarter. Allianz Asset Management GmbH increased its holdings in shares of Hawkins by 5.1% in the third quarter. Allianz Asset Management GmbH now owns 72,038 shares of the specialty chemicals company’s stock valued at $2,939,000 after purchasing an additional 3,509 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new position in shares of Hawkins in the second quarter valued at $269,000. Hedge funds and other institutional investors own 59.27% 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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