Hawkins, Inc. (NASDAQ:HWKN) Announces Quarterly Dividend of $0.18

Hawkins, Inc. (NASDAQ:HWKN) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.18 per share by the specialty chemicals company on Friday, August 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Friday, August 16th. This is a positive change from Hawkins’s previous quarterly dividend of $0.16.

Hawkins has raised its dividend by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 19 consecutive years. Hawkins has a dividend payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hawkins to earn $4.22 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 15.2%.

Hawkins Stock Down 1.7 %

Shares of HWKN stock traded down $2.06 on Friday, hitting $119.31. The stock had a trading volume of 62,213 shares, compared to its average volume of 131,607. The company has a quick ratio of 1.24, a current ratio of 1.96 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $93.97 and a 200 day moving average price of $80.16. The company has a market cap of $2.50 billion, a PE ratio of 33.81, a P/E/G ratio of 4.72 and a beta of 0.72. Hawkins has a one year low of $48.78 and a one year high of $121.95.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, May 15th. The specialty chemicals company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). The firm had revenue of $223.02 million during the quarter, compared to the consensus estimate of $217.49 million. Hawkins had a net margin of 8.75% and a return on equity of 20.50%. Research analysts anticipate that Hawkins will post 3.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial lifted their price objective on Hawkins from $74.00 to $96.00 and gave the company a “buy” rating in a report on Friday, May 17th.

Insider Buying and Selling at Hawkins

In related news, Director James A. Faulconbridge bought 1,800 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were bought at an average price of $87.56 per share, for a total transaction of $157,608.00. Following the completion of the purchase, the director now directly owns 40,517 shares of the company’s stock, valued at $3,547,668.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director James A. Faulconbridge bought 1,300 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average price of $86.50 per share, for a total transaction of $112,450.00. Following the completion of the purchase, the director now directly owns 38,117 shares of the company’s stock, valued at $3,297,120.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James A. Faulconbridge purchased 1,800 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were acquired at an average price of $87.56 per share, for a total transaction of $157,608.00. Following the purchase, the director now directly owns 40,517 shares of the company’s stock, valued at approximately $3,547,668.52. The disclosure for this purchase can be found here. Insiders have purchased 5,100 shares of company stock worth $442,998 over the last quarter. Insiders own 3.80% of the company’s stock.

Hawkins Company Profile

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. 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.