Hawkins, Inc. (NASDAQ:HWKN) Plans Quarterly Dividend of $0.19

Hawkins, Inc. (NASDAQ:HWKN) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.19 per share by the specialty chemicals company on Friday, August 28th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 14th.

Hawkins has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 20 years. Hawkins has a dividend payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hawkins to earn $4.84 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 15.7%.

Hawkins Price Performance

Shares of NASDAQ HWKN opened at $138.60 on Thursday. Hawkins has a twelve month low of $117.98 and a twelve month high of $186.15. The company has a current ratio of 2.21, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average of $149.50 and a two-hundred day moving average of $150.29. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 2.58 and a beta of 0.78.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.04). Hawkins had a return on equity of 16.08% and a net margin of 7.53%.The business had revenue of $315.68 million during the quarter, compared to analyst estimates of $313.42 million. As a group, analysts expect that Hawkins will post 4.27 earnings per share for the current fiscal year.

Institutional Trading of Hawkins

Several hedge funds and other institutional investors have recently made changes to their positions in HWKN. Kestra Advisory Services LLC bought a new stake in Hawkins during the 4th quarter worth approximately $29,000. MBM Wealth Consultants LLC bought a new stake in Hawkins in the 1st quarter worth about $33,000. Sound Income Strategies LLC purchased a new stake in Hawkins in the 4th quarter valued at about $34,000. Simplex Trading LLC lifted its position in shares of Hawkins by 246.0% during the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 246 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Hawkins in the 3rd quarter worth approximately $79,000. 69.71% of the stock is currently owned by institutional investors.

Hawkins Company Profile

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.