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

Hawkins (NASDAQ:HWKN) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday, BidAskClub reports.

Separately, TheStreet upgraded Hawkins from a “c+” rating to a “b-” rating in a research report on Friday, July 5th.

NASDAQ:HWKN traded up $1.74 on Friday, reaching $46.91. The company’s stock had a trading volume of 79,477 shares, compared to its average volume of 32,452. Hawkins has a 12-month low of $32.01 and a 12-month high of $47.94. The company has a current ratio of 2.48, a quick ratio of 1.42 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $481.75 million, a price-to-earnings ratio of 19.22 and a beta of 0.92. The company has a 50 day moving average of $42.35.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Thursday, May 23rd. The specialty chemicals company reported $0.35 EPS for the quarter. Hawkins had a return on equity of 11.46% and a net margin of 4.53%. The company had revenue of $133.05 million for the quarter.

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Hawkins by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 611,702 shares of the specialty chemicals company’s stock worth $25,049,000 after acquiring an additional 3,624 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Hawkins by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 108,465 shares of the specialty chemicals company’s stock worth $4,441,000 after buying an additional 8,803 shares during the period. Principal Financial Group Inc. increased its stake in shares of Hawkins by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 78,335 shares of the specialty chemicals company’s stock worth $3,208,000 after buying an additional 493 shares during the period. Bank of America Corp DE increased its stake in shares of Hawkins by 91.5% in the fourth quarter. Bank of America Corp DE now owns 11,836 shares of the specialty chemicals company’s stock worth $484,000 after buying an additional 5,655 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Hawkins by 371.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,305 shares of the specialty chemicals company’s stock worth $135,000 after buying an additional 2,604 shares during the period. Institutional investors own 57.81% 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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