Hawkins (NASDAQ:HWKN) Stock Rating Lowered by StockNews.com
Hawkins (NASDAQ:HWKN – Get Rating) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.
From the Equity Insider archive. This article dates from Feb 5, 2023 and is preserved as first published.
Hawkins (NASDAQ:HWKN – Get Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.
Separately, BWS Financial downgraded Hawkins from a “buy” rating to a “neutral” rating in a report on Friday, November 4th.
Hawkins Trading Down 0.4 %
Shares of Hawkins stock opened at $42.66 on Friday. Hawkins has a fifty-two week low of $33.31 and a fifty-two week high of $48.12. The firm has a market cap of $897.99 million, a PE ratio of 15.18 and a beta of 0.84. The business’s fifty day moving average is $39.46 and its two-hundred day moving average is $40.24. The company has a quick ratio of 1.52, a current ratio of 2.83 and a debt-to-equity ratio of 0.35.
Hawkins (NASDAQ:HWKN – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $241.19 million for the quarter, compared to analyst estimates of $233.31 million. Hawkins had a return on equity of 18.32% and a net margin of 6.35%. Analysts anticipate that Hawkins will post 2.8 earnings per share for the current year.
Hawkins (NASDAQ:HWKN – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd.
Institutional Trading of Hawkins
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC increased its holdings in Hawkins by 1,196.5% in the 3rd quarter. Lazard Asset Management LLC now owns 1,115 shares of the specialty chemicals company’s stock valued at $43,000 after purchasing an additional 1,029 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in Hawkins in the 3rd quarter valued at $48,000. Tradition Wealth Management LLC increased its holdings in Hawkins by 200.0% in the 2nd quarter. Tradition Wealth Management LLC now owns 1,500 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 1,000 shares in the last quarter. KBC Group NV acquired a new stake in Hawkins in the 2nd quarter valued at $58,000. Finally, Captrust Financial Advisors increased its holdings in Hawkins by 66.6% in the 1st quarter. Captrust Financial Advisors now owns 1,566 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 626 shares in the last quarter. 59.66% of the stock is currently owned by institutional investors and hedge funds.
About Hawkins
Hawkins, Inc engages in the distribution, blending, and manufacture of chemicals and specialty ingredients for a wide variety of industries. It operates through the following segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment provides industrial chemicals, products, and services to the agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.
