BidaskClub Downgrades Hawkins (HWKN) to Sell

Hawkins (NASDAQ:HWKN) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Hawkins stock opened at $39.99 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.68 and a quick ratio of 1.40. Hawkins has a 52-week low of $30.55 and a 52-week high of $44.03. The company has a market cap of $413.72 million, a price-to-earnings ratio of 19.08 and a beta of 0.84.

A number of institutional investors have recently added to or reduced their stakes in HWKN. Thomson Horstmann & Bryant Inc. bought a new position in Hawkins during the 4th quarter worth approximately $4,022,000. Millennium Management LLC raised its holdings in Hawkins by 322.8% during the 2nd quarter. Millennium Management LLC now owns 84,214 shares of the specialty chemicals company’s stock worth $2,977,000 after purchasing an additional 64,298 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Hawkins in the 4th quarter valued at $2,467,000. Essex Investment Management Co. LLC bought a new stake in shares of Hawkins in the 3rd quarter valued at $2,354,000. Finally, BlackRock Inc. increased its stake in shares of Hawkins by 2.4% in the 4th quarter. BlackRock Inc. now owns 1,445,985 shares of the specialty chemicals company’s stock valued at $59,212,000 after acquiring an additional 33,882 shares in the last quarter. Hedge funds and other institutional investors own 59.25% of the company’s stock.

Hawkins Company Profile

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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