Hawkins, Inc. (NASDAQ:HWKN) Plans $0.14 Quarterly Dividend

Hawkins, Inc. (NASDAQ:HWKNGet Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Stockholders of record on Friday, August 19th will be given a dividend of 0.14 per share by the specialty chemicals company on Friday, September 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, August 18th.

Hawkins Price Performance

HWKN traded up $1.17 on Friday, reaching $40.15. The stock had a trading volume of 65,591 shares, compared to its average volume of 33,655. Hawkins has a fifty-two week low of $32.44 and a fifty-two week high of $48.12. The firm has a 50-day moving average of $36.21 and a 200-day moving average of $39.37. The company has a current ratio of 2.24, a quick ratio of 1.31 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $849.98 million, a price-to-earnings ratio of 15.50 and a beta of 0.89.

Hawkins (NASDAQ:HWKNGet Rating) last issued its earnings results on Wednesday, May 18th. The specialty chemicals company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. Hawkins had a return on equity of 18.65% and a net margin of 6.50%. The business had revenue of $222.97 million during the quarter, compared to analysts’ expectations of $188.90 million. During the same quarter in the prior year, the firm earned $0.43 EPS. As a group, sell-side analysts anticipate that Hawkins will post 2.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Hawkins from a “hold” rating to a “buy” rating in a research report on Tuesday, July 12th.

Institutional Investors Weigh In On Hawkins

A number of institutional investors have recently made changes to their positions in HWKN. Dimensional Fund Advisors LP boosted its position in shares of Hawkins by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,118,279 shares of the specialty chemicals company’s stock valued at $51,331,000 after purchasing an additional 12,488 shares in the last quarter. State Street Corp boosted its position in shares of Hawkins by 2.8% during the 1st quarter. State Street Corp now owns 661,898 shares of the specialty chemicals company’s stock valued at $30,381,000 after purchasing an additional 17,868 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Hawkins by 3.8% during the 1st quarter. Bank of New York Mellon Corp now owns 249,984 shares of the specialty chemicals company’s stock valued at $11,474,000 after purchasing an additional 9,114 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Hawkins by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 211,478 shares of the specialty chemicals company’s stock valued at $9,708,000 after purchasing an additional 2,909 shares in the last quarter. Finally, Eaton Vance Management boosted its position in shares of Hawkins by 26,066.9% during the 1st quarter. Eaton Vance Management now owns 167,730 shares of the specialty chemicals company’s stock valued at $7,699,000 after purchasing an additional 167,089 shares in the last quarter. Institutional investors own 64.98% of the company’s stock.

Hawkins Company Profile

(Get Rating)

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

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Dividend History for Hawkins (NASDAQ:HWKN)

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