Hawkins, Inc. (NASDAQ:HWKN) was downgraded by TheStreet from a “b” rating to a “c+” rating in a research note issued on Tuesday.
Separately, BidaskClub lowered Hawkins from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th.
Hawkins (NASDAQ HWKN) traded down 1.89% during trading on Tuesday, hitting $38.95. 5,571 shares of the stock traded hands. The company’s 50 day moving average price is $44.92 and its 200 day moving average price is $47.98. The company has a market cap of $415.32 million, a P/E ratio of 19.86 and a beta of 0.73. Hawkins has a 12 month low of $38.60 and a 12 month high of $54.80.
Hawkins (NASDAQ:HWKN) last released its earnings results on Tuesday, August 8th. The specialty chemicals company reported $0.55 earnings per share (EPS) for the quarter. The business had revenue of $133.73 million for the quarter. Hawkins had a return on equity of 9.53% and a net margin of 4.28%. On average, equities research analysts anticipate that Hawkins will post $2.52 EPS for the current fiscal year.
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In related news, VP Richard G. Erstad sold 1,200 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $40.59, for a total transaction of $48,708.00. Following the transaction, the vice president now owns 9,300 shares of the company’s stock, valued at $377,487. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HWKN. Acrospire Investment Management LLC acquired a new position in shares of Hawkins during the second quarter worth $107,000. BNP Paribas Arbitrage SA raised its position in shares of Hawkins by 61.0% in the second quarter. BNP Paribas Arbitrage SA now owns 2,789 shares of the specialty chemicals company’s stock worth $129,000 after buying an additional 1,057 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Hawkins by 2.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the specialty chemicals company’s stock worth $185,000 after buying an additional 80 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Hawkins during the second quarter worth $202,000. Finally, PDT Partners LLC raised its position in shares of Hawkins by 2.0% in the second quarter. PDT Partners LLC now owns 4,385 shares of the specialty chemicals company’s stock worth $203,000 after buying an additional 85 shares in the last quarter. 57.67% of the stock is currently owned by hedge funds and other institutional investors.
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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