Hawkins, Inc. (HWKN) Stock Rating Lowered by TheStreet
Separately, BidaskClub cut shares of Hawkins from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th.
Shares of Hawkins (NASDAQ:HWKN) opened at 39.70 on Tuesday. Hawkins has a one year low of $38.60 and a one year high of $54.80. The stock has a market capitalization of $423.32 million, a P/E ratio of 20.24 and a beta of 0.73. The firm’s 50-day moving average price is $44.92 and its 200-day moving average price is $47.98.
Hawkins (NASDAQ:HWKN) last issued its earnings results on Tuesday, August 8th. The specialty chemicals company reported $0.55 earnings per share (EPS) for the quarter. Hawkins had a net margin of 4.28% and a return on equity of 9.53%. The firm had revenue of $133.73 million for the quarter. Equities research analysts anticipate that Hawkins will post $2.52 EPS for the current fiscal year.
In related news, VP Richard G. Erstad sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were 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 in the company, valued at $377,487. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan raised its position in 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 valued at $185,000 after buying an additional 80 shares during the period. Bessemer Group Inc. raised its position in Hawkins by 5.8% in the second quarter. Bessemer Group Inc. now owns 16,400 shares of the specialty chemicals company’s stock valued at $760,000 after buying an additional 900 shares during the period. Texas Permanent School Fund raised its position in Hawkins by 0.7% in the second quarter. Texas Permanent School Fund now owns 6,978 shares of the specialty chemicals company’s stock valued at $323,000 after buying an additional 49 shares during the period. Cigna Investments Inc. New acquired a new position in Hawkins during the second quarter valued at about $248,000. Finally, Schwab Charles Investment Management Inc. raised its position in Hawkins by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 48,647 shares of the specialty chemicals company’s stock valued at $2,255,000 after buying an additional 541 shares during the period. Institutional investors and hedge funds own 57.67% of the company’s stock.
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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