BidaskClub downgraded shares of Hawkins, Inc. (NASDAQ:HWKN) from a sell rating to a strong sell rating in a report released on Thursday morning.

Hawkins (NASDAQ:HWKN) traded down 0.11% during midday trading on Thursday, reaching $44.95. 16,165 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $46.99 and its 200-day moving average price is $49.02. The stock has a market cap of $477.32 million, a PE ratio of 21.10 and a beta of 0.74. Hawkins has a one year low of $38.60 and a one year high of $54.80.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, May 31st. The specialty chemicals company reported $0.40 EPS for the quarter. The company had revenue of $118.62 million during the quarter. Hawkins had a return on equity of 10.52% and a net margin of 4.66%. Equities analysts predict that Hawkins will post $2.52 earnings per share for the current year.

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In other Hawkins news, VP Richard G. Erstad sold 2,000 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $48.00, for a total transaction of $96,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in HWKN. Municipal Employees Retirement System of Michigan increased its stake in Hawkins by 2.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the specialty chemicals company’s stock worth $185,000 after buying an additional 80 shares in the last quarter. Texas Permanent School Fund increased its stake in Hawkins by 0.7% in the second quarter. Texas Permanent School Fund now owns 6,978 shares of the specialty chemicals company’s stock worth $323,000 after buying an additional 49 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Hawkins by 5.8% in the second quarter. Bessemer Group Inc. now owns 16,400 shares of the specialty chemicals company’s stock worth $760,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 60.53% of the company’s stock.

Hawkins Company Profile

Hawkins, Inc distributes, blends and manufactures chemicals and specialty ingredients for its customers in a range of industries. The Company conducts its business in three segments: Industrial, Water Treatment, and Health and Nutrition. Its Industrial segment is engaged in providing industrial chemicals, products and services to various industries, such as agriculture, chemical processing, electronics and energy.

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