BidaskClub Upgrades Hawkins (NASDAQ:HWKN) to “Hold”

Hawkins (NASDAQ:HWKN) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday, BidAskClub reports.

Shares of HWKN stock opened at $40.20 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.52 and a debt-to-equity ratio of 0.34. Hawkins has a twelve month low of $32.01 and a twelve month high of $44.03. The firm has a market cap of $427.13 million, a P/E ratio of 17.63 and a beta of 0.80.

Several hedge funds have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC raised its holdings in shares of Hawkins by 35.9% during the third quarter. TIAA CREF Investment Management LLC now owns 35,497 shares of the specialty chemicals company’s stock worth $1,471,000 after purchasing an additional 9,370 shares during the period. Bank of Montreal Can raised its holdings in shares of Hawkins by 3.9% during the fourth quarter. Bank of Montreal Can now owns 7,400 shares of the specialty chemicals company’s stock worth $303,000 after purchasing an additional 280 shares during the period. Arizona State Retirement System raised its holdings in shares of Hawkins by 6.2% during the fourth quarter. Arizona State Retirement System now owns 14,859 shares of the specialty chemicals company’s stock worth $608,000 after purchasing an additional 874 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Hawkins by 8.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,843 shares of the specialty chemicals company’s stock worth $239,000 after purchasing an additional 440 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Hawkins by 19.8% during the fourth quarter. Rhumbline Advisers now owns 28,395 shares of the specialty chemicals company’s stock worth $1,163,000 after purchasing an additional 4,701 shares during the period. Institutional investors and hedge funds own 58.26% 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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