Hawkins, Inc. (HWKN) To Go Ex-Dividend on August 14th

Hawkins, Inc. (NASDAQ:HWKN) declared a quarterly dividend on Wednesday, July 29th. Investors 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) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, August 14th.

Hawkins has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 20 consecutive years. Hawkins has a payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hawkins to earn $4.59 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 17.4%.

Hawkins Trading Down 0.8%

HWKN opened at $129.66 on Wednesday. The business has a 50 day simple moving average of $144.99 and a two-hundred day simple moving average of $148.84. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 2.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.27 and a quick ratio of 1.54. Hawkins has a one year low of $117.98 and a one year high of $186.15.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.04). Hawkins had a return on equity of 15.42% and a net margin of 7.29%.The business had revenue of $315.68 million during the quarter, compared to the consensus estimate of $313.42 million. Analysts predict that Hawkins will post 4.04 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Hawkins in the second quarter worth $449,055,000. Vanguard Group Inc. boosted its holdings in shares of Hawkins by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,525,789 shares of the specialty chemicals company’s stock valued at $216,754,000 after buying an additional 20,958 shares in the last quarter. State Street Corp boosted its holdings in shares of Hawkins by 11.6% during the 4th quarter. State Street Corp now owns 1,067,451 shares of the specialty chemicals company’s stock valued at $151,642,000 after buying an additional 111,318 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Hawkins by 31.4% in the 4th quarter. Wasatch Advisors LP now owns 552,419 shares of the specialty chemicals company’s stock worth $78,477,000 after buying an additional 131,850 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Hawkins by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 513,535 shares of the specialty chemicals company’s stock worth $72,965,000 after acquiring an additional 13,828 shares in the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

About Hawkins

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.