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

Hawkins, Inc. (NASDAQ:HWKN) announced a quarterly dividend on Wednesday, July 29th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 14th.

Hawkins has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 20 consecutive years. Hawkins has a dividend payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. 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

NASDAQ:HWKN opened at $138.60 on Thursday. The business’s 50-day moving average is $149.50 and its 200 day moving average is $150.29. Hawkins has a 12 month low of $117.98 and a 12 month high of $186.15. The company has a market capitalization of $2.90 billion, a P/E ratio of 35.45, a P/E/G ratio of 2.58 and a beta of 0.78. The company has a current ratio of 2.21, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46.

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

Analyst Ratings Changes

A number of research firms recently issued reports on HWKN. Weiss Ratings downgraded shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. Barclays set a $170.00 target price on shares of Hawkins and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $185.00.

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.