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

Hawkins, Inc. (NASDAQ:HWKN) declared a quarterly dividend on Wednesday, July 31st, Zacks reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Friday, August 16th. This is a boost from Hawkins’s previous quarterly dividend of $0.16.

Hawkins has raised its dividend payment by an average of 10.1% annually over the last three years and has increased its dividend annually for the last 19 consecutive years. Hawkins has a payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Research 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 0.7 %

Shares of Hawkins stock traded down $0.81 during midday trading on Friday, hitting $120.56. The company had a trading volume of 78,692 shares, compared to its average volume of 131,718. The stock has a market capitalization of $2.53 billion, a P/E ratio of 33.23, a P/E/G ratio of 4.72 and a beta of 0.72. Hawkins has a 52-week low of $48.78 and a 52-week high of $121.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.24 and a current ratio of 1.96. The company has a 50 day moving average of $93.97 and a 200 day moving average of $80.16.

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

Analysts Set New Price Targets

Separately, BWS Financial raised their price objective on shares of Hawkins from $74.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, May 17th.

Insider Activity at Hawkins

In related news, Director James A. Faulconbridge purchased 1,800 shares of Hawkins stock in a transaction that occurred on Thursday, June 6th. The stock was purchased at an average price of $87.56 per share, for a total transaction of $157,608.00. Following the transaction, the director now directly owns 40,517 shares in the company, valued at $3,547,668.52. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, Director James A. Faulconbridge bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average cost of $86.47 per share, with a total value of $172,940.00. Following the transaction, the director now directly owns 44,017 shares of the company’s stock, valued at approximately $3,806,149.99. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James A. Faulconbridge acquired 1,800 shares of the stock in a transaction on Thursday, June 6th. The shares were acquired at an average cost of $87.56 per share, for a total transaction of $157,608.00. Following the completion of the transaction, the director now directly owns 40,517 shares in the company, valued at approximately $3,547,668.52. The disclosure for this purchase can be found here. Insiders acquired 5,100 shares of company stock worth $442,998 over the last three months. Company 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.