Hawkins, Inc. (HWKN) to Issue Quarterly Dividend of $0.19 on August 28th

Hawkins, Inc. (NASDAQ:HWKN) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 14th will be given a dividend of 0.19 per share by the specialty chemicals company on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th.

Hawkins has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 20 consecutive years. Hawkins has a payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hawkins to earn $4.84 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 15.7%.

Hawkins Trading Down 6.8%

Shares of HWKN opened at $129.22 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.46. The firm has a 50 day simple moving average of $149.03 and a 200-day simple moving average of $150.09. Hawkins has a 1-year low of $117.98 and a 1-year high of $186.15. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 2.50 and a beta of 0.78.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.04). The company had revenue of $315.68 million during the quarter, compared to analysts’ expectations of $313.42 million. Hawkins had a net margin of 7.29% and a return on equity of 15.63%. Equities analysts forecast that Hawkins will post 4.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HWKN. Barclays set a $170.00 price target on Hawkins and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. Weiss Ratings lowered Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $185.00.

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.