Hawkins (NASDAQ:HWKN) Stock Rating Upgraded by BidaskClub

Hawkins (NASDAQ:HWKN) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday, BidAskClub reports.

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

HWKN opened at $42.89 on Friday. The company has a market capitalization of $457.43 million, a P/E ratio of 16.95 and a beta of 0.85. The stock has a fifty day moving average of $41.74 and a 200-day moving average of $41.92. Hawkins has a fifty-two week low of $32.79 and a fifty-two week high of $47.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.34 and a current ratio of 2.47.

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

Large investors have recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL boosted its stake in Hawkins by 4.9% during the second quarter. Virginia Retirement Systems ET AL now owns 8,500 shares of the specialty chemicals company’s stock worth $369,000 after acquiring an additional 400 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Hawkins by 5.2% during the second quarter. Royal Bank of Canada now owns 13,310 shares of the specialty chemicals company’s stock valued at $578,000 after purchasing an additional 652 shares during the period. Advisor Group Inc. raised its holdings in shares of Hawkins by 5.1% during the second quarter. Advisor Group Inc. now owns 13,907 shares of the specialty chemicals company’s stock valued at $604,000 after purchasing an additional 678 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Hawkins by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 160,942 shares of the specialty chemicals company’s stock worth $6,987,000 after purchasing an additional 762 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its position in shares of Hawkins by 9.6% during the 3rd quarter. State of Tennessee Treasury Department now owns 10,044 shares of the specialty chemicals company’s stock worth $426,000 after purchasing an additional 879 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

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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