Hawkins (NASDAQ:HWKN) Rating Increased to Hold at Barclays

Hawkins (NASDAQ:HWKN) was upgraded by stock analysts at Barclays to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on HWKN. Weiss Ratings upgraded shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 24th. BWS Financial reaffirmed a “buy” rating and set a $200.00 target price on shares of Hawkins in a report on Monday, March 23rd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $185.00.

Hawkins Stock Performance

Shares of NASDAQ:HWKN opened at $142.10 on Tuesday. The stock has a market capitalization of $2.97 billion, a P/E ratio of 36.34, a P/E/G ratio of 2.55 and a beta of 0.76. Hawkins has a 1-year low of $117.98 and a 1-year high of $186.15. The company has a current ratio of 2.21, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $159.88 and a two-hundred day moving average price of $151.25.

Hawkins (NASDAQ:HWKN) last issued its earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). Hawkins had a net margin of 7.53% and a return on equity of 16.08%. The business had revenue of $265.91 million during the quarter, compared to the consensus estimate of $255.28 million. Equities analysts predict that Hawkins will post 4.27 earnings per share for the current year.

Institutional Trading of Hawkins

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Argent Capital Management LLC boosted its stake in Hawkins by 42.8% during the 1st quarter. Argent Capital Management LLC now owns 5,061 shares of the specialty chemicals company’s stock worth $777,000 after acquiring an additional 1,517 shares during the last quarter. Bank of America Corp DE increased its stake in Hawkins by 60.2% in the first quarter. Bank of America Corp DE now owns 98,567 shares of the specialty chemicals company’s stock valued at $15,140,000 after purchasing an additional 37,035 shares in the last quarter. Amundi increased its stake in Hawkins by 28.2% in the first quarter. Amundi now owns 6,808 shares of the specialty chemicals company’s stock valued at $1,046,000 after purchasing an additional 1,498 shares in the last quarter. California State Teachers Retirement System raised its holdings in Hawkins by 22.5% in the first quarter. California State Teachers Retirement System now owns 22,434 shares of the specialty chemicals company’s stock worth $3,446,000 after purchasing an additional 4,122 shares during the period. Finally, Royal Bank of Canada raised its holdings in Hawkins by 3.7% in the first quarter. Royal Bank of Canada now owns 119,368 shares of the specialty chemicals company’s stock worth $18,335,000 after purchasing an additional 4,274 shares during the period. 69.71% of the stock is owned by institutional investors.

Hawkins Company Profile

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.