Hawkins (NASDAQ:HWKN) Upgraded by Barclays to Hold Rating

Hawkins (NASDAQ:HWKN – Get Free Report) was upgraded by equities researchers at Barclays to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on HWKN. Weiss Ratings upgraded shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 24th. BWS Financial restated a “buy” rating and set a $200.00 price objective on shares of Hawkins in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Hawkins has an average rating of “Hold” and an average target price of $185.00.

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Hawkins Trading Up 0.5%

NASDAQ HWKN opened at $142.10 on Tuesday. Hawkins has a one year low of $117.98 and a one year high of $186.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.46. The firm has a market cap of $2.97 billion, a P/E ratio of 36.34, a P/E/G ratio of 2.55 and a beta of 0.76. The stock’s 50-day moving average is $159.88 and its 200-day moving average is $151.25.

Hawkins (NASDAQ:HWKN – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). Hawkins had a net margin of 7.53% and a return on equity of 16.08%. The business had revenue of $265.91 million during the quarter, compared to analyst estimates of $255.28 million. Sell-side analysts anticipate that Hawkins will post 4.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hawkins

Hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in shares of Hawkins in the fourth quarter worth $29,000. MBM Wealth Consultants LLC acquired a new position in Hawkins during the first quarter valued at approximately $33,000. Sound Income Strategies LLC acquired a new position in Hawkins during the fourth quarter valued at approximately $34,000. Simplex Trading LLC grew its stake in Hawkins by 246.0% in the fourth quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 246 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Hawkins in the third quarter valued at approximately $79,000. 69.71% of the stock is owned by institutional investors.

Hawkins Company Profile

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Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.

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