Hawkins, Inc. (HWKN) Cut to “C+” at TheStreet

Hawkins, Inc. (NASDAQ:HWKN) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued on Tuesday, August 15th.

Separately, BidaskClub lowered Hawkins from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th.

Hawkins (NASDAQ:HWKN) traded down 0.69% on Tuesday, reaching $36.05. The company’s stock had a trading volume of 29,686 shares. The firm’s 50-day moving average price is $41.45 and its 200-day moving average price is $46.70. The stock has a market cap of $384.40 million, a price-to-earnings ratio of 18.38 and a beta of 0.77. Hawkins has a 52-week low of $35.15 and a 52-week high of $54.80.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $0.55 earnings per share for the quarter. Hawkins had a return on equity of 9.53% and a net margin of 4.28%. The firm had revenue of $133.73 million during the quarter. On average, equities analysts expect that Hawkins will post $2.52 earnings per share for the current year.

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In other news, VP Richard G. Erstad sold 1,200 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $40.59, for a total value of $48,708.00. Following the completion of the sale, the vice president now directly owns 9,300 shares in the company, valued at approximately $377,487. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mary J. Schumacher bought 1,400 shares of Hawkins stock in a transaction dated Monday, August 28th. The stock was purchased at an average price of $35.80 per share, with a total value of $50,120.00. Following the completion of the purchase, the director now owns 6,616 shares in the company, valued at $236,852.80. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in Hawkins during the 2nd quarter valued at about $509,000. Martin & Co. Inc. TN boosted its stake in shares of Hawkins by 6.9% in the 2nd quarter. Martin & Co. Inc. TN now owns 20,215 shares of the specialty chemicals company’s stock worth $937,000 after buying an additional 1,300 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Hawkins by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,883 shares of the specialty chemicals company’s stock worth $366,000 after buying an additional 122 shares during the last quarter. State Street Corp boosted its stake in shares of Hawkins by 3.5% in the 2nd quarter. State Street Corp now owns 224,521 shares of the specialty chemicals company’s stock worth $10,404,000 after buying an additional 7,650 shares during the last quarter. Finally, PDT Partners LLC boosted its stake in shares of Hawkins by 2.0% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 59.46% of the company’s stock.

Hawkins Company Profile

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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