Hawkins, Inc. (NASDAQ:HWKN) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

Shares of Hawkins (NASDAQ:HWKN) traded down 2.09% on Thursday, reaching $44.60. The company’s stock had a trading volume of 23,772 shares. The stock has a market capitalization of $473.61 million, a P/E ratio of 20.94 and a beta of 0.74. Hawkins has a 1-year low of $38.60 and a 1-year high of $54.80. The company has a 50 day moving average of $47.20 and a 200 day moving average of $49.11.

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

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In related news, VP Richard G. Erstad sold 2,000 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $48.00, for a total value of $96,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

An institutional investor recently raised its position in Hawkins stock. Municipal Employees Retirement System of Michigan raised its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,990 shares of the specialty chemicals company’s stock after buying an additional 80 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Hawkins were worth $185,000 as of its most recent SEC filing. 60.48% of the stock is owned by institutional investors.

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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