Hawkins (HWKN) Lifted to Hold at BidaskClub

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

Shares of NASDAQ HWKN opened at $43.43 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 2.68 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $457.94 million, a P/E ratio of 21.12 and a beta of 0.84. Hawkins has a 52-week low of $30.55 and a 52-week high of $44.03.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 22nd will be issued a $0.23 dividend. 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 dividend on an annualized basis and a dividend yield of 2.12%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Hawkins by 2.4% in the fourth quarter. BlackRock Inc. now owns 1,445,985 shares of the specialty chemicals company’s stock worth $59,212,000 after buying an additional 33,882 shares in the last quarter. Vanguard Group Inc. raised its stake in Hawkins by 0.7% in the third quarter. Vanguard Group Inc. now owns 732,629 shares of the specialty chemicals company’s stock worth $30,368,000 after buying an additional 5,394 shares in the last quarter. Vanguard Group Inc raised its stake in Hawkins by 0.7% in the third quarter. Vanguard Group Inc now owns 732,629 shares of the specialty chemicals company’s stock worth $30,368,000 after buying an additional 5,394 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Hawkins by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 611,702 shares of the specialty chemicals company’s stock worth $25,049,000 after buying an additional 3,624 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Hawkins by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 173,369 shares of the specialty chemicals company’s stock worth $7,186,000 after buying an additional 5,955 shares in the last quarter. Hedge funds and other institutional investors own 58.49% of the company’s stock.

About Hawkins

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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