Hawkins, Inc. to Issue Quarterly Dividend of $0.14 (NASDAQ:HWKN)

Hawkins, Inc. (NASDAQ:HWKNGet Rating) announced a quarterly dividend on Wednesday, May 18th, Zacks reports. Investors of record on Friday, June 3rd will be given a dividend of 0.14 per share by the specialty chemicals company on Friday, June 17th. This represents a $0.56 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Thursday, June 2nd.

Hawkins has increased its dividend payment by an average of 4.3% per year over the last three years and has raised its dividend annually for the last 19 consecutive years.

Hawkins stock opened at $35.63 on Friday. The business’s fifty day moving average is $41.49 and its two-hundred day moving average is $39.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.76 and a current ratio of 2.77. The firm has a market cap of $752.51 million, a P/E ratio of 14.60 and a beta of 0.92. Hawkins has a 52 week low of $29.93 and a 52 week high of $48.12.

Hawkins (NASDAQ:HWKNGet Rating) last released its quarterly earnings results on Wednesday, May 18th. The specialty chemicals company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.07. Hawkins had a return on equity of 18.17% and a net margin of 6.65%. During the same period in the previous year, the business earned $0.43 earnings per share. On average, equities research analysts predict that Hawkins will post 2.12 earnings per share for the current year.

A number of brokerages have recently issued reports on HWKN. BWS Financial upped their target price on shares of Hawkins from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, February 3rd. Zacks Investment Research raised Hawkins from a “strong sell” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Wednesday, April 6th. Finally, StockNews.com started coverage on Hawkins in a research note on Thursday, March 31st. They issued a “buy” rating for the company.

Several institutional investors and hedge funds have recently bought and sold shares of HWKN. Morgan Stanley grew its stake in shares of Hawkins by 94.6% during the second quarter. Morgan Stanley now owns 89,461 shares of the specialty chemicals company’s stock worth $2,930,000 after purchasing an additional 43,495 shares during the period. Citadel Advisors LLC acquired a new stake in Hawkins during the 2nd quarter worth $340,000. Millennium Management LLC lifted its holdings in Hawkins by 37.9% during the second quarter. Millennium Management LLC now owns 15,313 shares of the specialty chemicals company’s stock worth $502,000 after acquiring an additional 4,209 shares in the last quarter. Royal Bank of Canada grew its stake in Hawkins by 2.2% in the third quarter. Royal Bank of Canada now owns 17,695 shares of the specialty chemicals company’s stock valued at $617,000 after acquiring an additional 378 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Hawkins by 7.1% in the third quarter. LPL Financial LLC now owns 7,958 shares of the specialty chemicals company’s stock worth $278,000 after acquiring an additional 528 shares in the last quarter. 64.98% of the stock is owned by institutional investors and hedge funds.

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.

See Also

Dividend History for Hawkins (NASDAQ:HWKN)

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