Hawkins (HWKN) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of Hawkins (NASDAQ:HWKN) from a hold rating to a sell rating in a research note published on Wednesday morning.

HWKN stock traded down $0.36 during midday trading on Wednesday, hitting $40.13. The company’s stock had a trading volume of 205 shares, compared to its average volume of 33,377. The company has a current ratio of 2.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.37. Hawkins has a 1 year low of $30.55 and a 1 year high of $44.03. The stock has a market cap of $453.66 million, a P/E ratio of 20.92 and a beta of 0.84.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, February 6th. The specialty chemicals company reported $0.39 earnings per share (EPS) for the quarter. Hawkins had a positive return on equity of 10.22% and a negative net margin of 3.03%. The company had revenue of $128.15 million for the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 22nd will be issued a dividend of $0.23 per share. This is a positive change from Hawkins’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, February 21st. This represents a $0.92 annualized dividend and a dividend yield of 2.29%.

Several hedge funds and other institutional investors have recently modified their holdings of HWKN. BlackRock Inc. boosted its holdings 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 worth $59,212,000 after purchasing an additional 33,882 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Hawkins by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 732,629 shares of the specialty chemicals company’s stock worth $30,368,000 after purchasing an additional 5,394 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Hawkins by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 732,629 shares of the specialty chemicals company’s stock worth $30,368,000 after purchasing an additional 5,394 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Hawkins by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 611,702 shares of the specialty chemicals company’s stock worth $25,049,000 after purchasing an additional 3,624 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Hawkins by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 173,369 shares of the specialty chemicals company’s stock worth $7,186,000 after purchasing an additional 5,955 shares in the last quarter. 58.49% of the stock is owned by institutional investors.

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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