Hawkins, Inc. (NASDAQ:HWKN) declared a semiannual dividend on Thursday, August 10th, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be paid a dividend of 0.44 per share by the specialty chemicals company on Friday, October 6th. This represents a yield of 2.16%. The ex-dividend date is Thursday, September 21st. This is a positive change from Hawkins’s previous semiannual dividend of $0.42.
Shares of Hawkins (HWKN) traded down 1.09% on Thursday, reaching $40.80. 24,885 shares of the company’s stock traded hands. Hawkins has a 52 week low of $38.60 and a 52 week high of $54.80. The company has a 50 day moving average price of $45.85 and a 200 day moving average price of $48.47. The firm has a market capitalization of $433.26 million, a price-to-earnings ratio of 20.81 and a beta of 0.73.
Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $0.55 earnings per share (EPS) for the quarter. The company had revenue of $133.73 million for the quarter. Hawkins had a net margin of 4.07% and a return on equity of 8.87%. On average, equities research analysts predict that Hawkins will post $2.52 earnings per share for the current fiscal year.
In other news, VP Richard G. Erstad sold 2,000 shares of Hawkins stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $48.00, for a total value of $96,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.70% of the company’s stock.
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Separately, BidaskClub cut shares of Hawkins from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th.
Hawkins, Inc distributes, blends and manufactures chemicals and specialty ingredients for its customers in a range of industries. The Company conducts its business in three segments: Industrial, Water Treatment, and Health and Nutrition. Its Industrial segment is engaged in providing industrial chemicals, products and services to various industries, such as agriculture, chemical processing, electronics and energy.
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