January 31, 2023

Equity analysts at StockNews.com revised their recommendation on Hawkins (NASDAQ: HWKN) from a “buy” rating to a “hold” in a report published on Friday.

In a report published on Nov. 4, BWS Financial announced that it had changed its rating on Hawkins shares to Neutral from a Buy. This is a separate development from the previous point.

The price of NASDAQ: HWKN increased by $0.21 during Friday’s trading session, which led the price to touch $39.70. The company’s total number of shares that changed hands was 42,696, significantly less than the observed average of 52,100 shares. The price of the stock has been calculated at a moving average of $39.97 for the last 50 days and $39.83 for the last 200 days. The company’s market cap is currently $834.45 million, its P/E is 14.28, and its beta is 0.84. The ratio of the current ratio to the fast ratio is 1.52, while the ratio of the current ratio to the fast ratio is 2.77. The debt to equity ratio is 0.39. There is a possibility that Hawkins’ price will range between $33.31 and $48.12 over a year.

The company’s most recent quarterly report was released by Hawkins (NASDAQ: HWKN) on November 2 and can be found here. The company, which focuses on the production of specialty chemicals, reported earnings per share (EPS) of $0.86 for the quarter, up $0.02 from the consensus estimate of $0.84. The company’s main source of income is the sale of its products. For the period, Hawkins’ return on equity was 18.88% and the company’s net margin was 6.51%. In comparison, market experts forecast that the company would generate $233.31 million in revenue for the quarter, but it brought in $241.19 million in revenue. Sell-side analysts are forecasting Hawkins to post earnings of 2.8 cents per share for the current fiscal year.

A variety of institutional investors, including hedge funds and other types of investment vehicles, have recently made adjustments to the stock holdings they have in their portfolios. The Texas Permanent School Fund increased its stake in Hawkins shares by 1.9% in the fiscal second quarter. The Texas Permanent School Fund now owns a total of 13,583 shares of the specialty chemicals company, after purchasing an additional 259 shares in the last fiscal year. The stock is currently valued at $489,000, with hedge funds and other types of investment vehicles making recent adjustments to the stock holdings they have in their portfolios. The Texas Permanent School Fund increased its stake in Hawkins shares by 1.9% in the fiscal second quarter. The Texas Permanent School Fund now owns a total of 13,583 shares of the specialty chemicals company, after purchasing an additional 259 shares in the last fiscal year. The stock is currently valued at $489,000. During the second quarter, Exchange Traded Concepts LLC increased its stake in Hawkins by three point zero percent. The number of shares Exchange Traded Concepts LLC owns in the specialty chemicals company has increased by 350, bringing the total number of shares it owns to 11,958, which is worth $431,000. During the third quarter, Values ​​First Advisors Inc. brought its holdings in Hawkins shares to levels 3.6% higher than before. Values ​​First Advisors Inc. now owns 10,488 shares of the specialty chemicals company after buying another 365 shares last quarter. Shares are valued at $409,000 as Values ​​First Advisors Inc. and Tower Research Capital LLC (TRC) increased their stake in Hawkins by 17.2 percent during the third quarter. Tower Research Capital LLC (TRC) now owns 2,520 shares of the specialty chemicals company after purchasing an additional 369 shares last quarter. The price these shares are currently fetching in the market is $98,000.

Last but not least, Mutual of America Capital Management LLC increased the percentage of shares owned by Hawkins by 16.6% in the second quarter. This should certainly not be viewed as the least important development. According to the recent closing price of the company’s shares, the 3,156 shares of the specialty chemicals company that Mutual of America Capital Management LLC owns are valued at $114,000. This is the result of purchasing 449 additional shares in the most recent fiscal quarter. The company’s stock is owned by hedge funds and other institutional investors, which collectively account for 59.6 percent of the company’s ownership.

In addition to manufacturing chemicals and other specialty products, Hawkins, Inc. also mixes and sells these products in the United States and other countries. The company is organized into three separate divisions: Industrial, Water Treatment, and Health & Nutrition. The agricultural, chemical processing, electronics, energy, food, pharmaceutical and coatings industries can benefit from the products, services and industrial chemicals found in the Industry section of the site. In addition, the coatings industry can benefit from the industrial chemicals on the site.

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