BidaskClub lowered shares of Hawkins (NASDAQ:HWKN) from a buy rating to a hold rating in a research note released on Tuesday, BidAskClub reports.

HWKN stock opened at $42.54 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 2.52 and a debt-to-equity ratio of 0.34. The firm has a market cap of $442.08 million, a price-to-earnings ratio of 18.13 and a beta of 0.95. The firm has a 50-day moving average of $39.64. Hawkins has a 1 year low of $32.01 and a 1 year high of $44.03.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Thursday, May 23rd. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $133.05 million for the quarter. Hawkins had a return on equity of 11.29% and a net margin of 4.39%.

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Thursday, June 6th.

A number of hedge funds have recently bought and sold shares of HWKN. Investors Research Corp acquired a new stake in shares of Hawkins during the 1st quarter worth about $26,000. First Quadrant L P CA acquired a new stake in shares of Hawkins during the 1st quarter worth about $30,000. BNP Paribas Arbitrage SA raised its position in shares of Hawkins by 439.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,027 shares of the specialty chemicals company’s stock worth $75,000 after acquiring an additional 1,651 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Hawkins during the 1st quarter worth about $94,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Hawkins during the 4th quarter worth about $114,000. 58.18% of the stock is currently 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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