Hawkins (HWKN) Cut to “D+” at TheStreet

TheStreet downgraded shares of Hawkins (NASDAQ:HWKN) from a c rating to a d+ rating in a research note issued to investors on Thursday morning.

Several other analysts have also recently commented on the stock. BidaskClub upgraded shares of Hawkins from a sell rating to a hold rating in a research note on Wednesday, March 28th. ValuEngine cut shares of Hawkins from a hold rating to a sell rating in a research note on Wednesday, May 2nd.

Shares of Hawkins opened at $36.05 on Thursday, according to Marketbeat.com. The company has a quick ratio of 1.24, a current ratio of 2.23 and a debt-to-equity ratio of 0.45. Hawkins has a 52 week low of $30.55 and a 52 week high of $50.65. The stock has a market capitalization of $379.27 million, a P/E ratio of 25.18 and a beta of 0.66.

In related news, CFO Jeffrey P. Oldenkamp acquired 1,500 shares of Hawkins stock in a transaction that occurred on Tuesday, June 5th. The stock was purchased at an average price of $33.15 per share, for a total transaction of $49,725.00. Following the completion of the purchase, the chief financial officer now directly owns 6,763 shares of the company’s stock, valued at $224,193.45. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Patrick H. Hawkins acquired 6,600 shares of Hawkins stock in a transaction that occurred on Tuesday, June 5th. The stock was bought at an average price of $32.54 per share, with a total value of $214,764.00. The disclosure for this purchase can be found here. Insiders purchased 23,185 shares of company stock valued at $780,698 in the last quarter. Company insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in shares of Hawkins by 2.7% in the first quarter. Principal Financial Group Inc. now owns 72,959 shares of the specialty chemicals company’s stock valued at $2,565,000 after purchasing an additional 1,946 shares during the period. LPL Financial LLC acquired a new stake in shares of Hawkins in the first quarter valued at about $341,000. UBS Group AG lifted its stake in shares of Hawkins by 144.0% in the first quarter. UBS Group AG now owns 40,878 shares of the specialty chemicals company’s stock valued at $1,437,000 after purchasing an additional 24,124 shares during the period. Stifel Financial Corp purchased a new position in Hawkins during the 1st quarter valued at about $703,000. Finally, Dimensional Fund Advisors LP increased its holdings in Hawkins by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 535,837 shares of the specialty chemicals company’s stock valued at $18,835,000 after acquiring an additional 32,323 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

About Hawkins

Hawkins, Inc blends, manufactures, and distributes chemicals and specialty ingredients primarily in the United States. It operates in three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment provides industrial chemicals, products, and services primarily to the agriculture, chemical processing, electronics, energy, food, pharmaceutical, plating, and power generation industries.

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