Hawkins (NASDAQ:HWKN) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

HWKN traded down $0.72 during mid-day trading on Tuesday, reaching $41.34. 22,400 shares of the company traded hands, compared to its average volume of 31,628. The firm has a market cap of $452.24 million, a PE ratio of 18.55 and a beta of 0.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.52 and a quick ratio of 1.42. The stock’s fifty day moving average is $39.31. Hawkins has a 52-week low of $32.01 and a 52-week high of $44.03.

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

Several hedge funds have recently modified their holdings of HWKN. Investors Research Corp bought a new stake in shares of Hawkins during the 1st quarter valued at $26,000. First Quadrant L P CA bought a new stake in shares of Hawkins during the 1st quarter valued at $30,000. BNP Paribas Arbitrage SA grew 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 valued at $75,000 after acquiring an additional 1,651 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of Hawkins during the 1st quarter valued at $94,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Hawkins during the 4th quarter valued at $114,000. 58.18% of the stock is owned by hedge funds and other institutional investors.

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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