Hawkins, Inc. (NASDAQ:HWKN – Get Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Friday, August 19th will be paid a dividend of 0.14 per share by the specialty chemicals company on Friday, September 2nd. This represents a $0.56 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 18th.
Hawkins Stock Up 3.0 %
Shares of HWKN opened at $40.15 on Friday. The company has a market capitalization of $849.98 million, a PE ratio of 15.50 and a beta of 0.89. Hawkins has a 12 month low of $32.44 and a 12 month high of $48.12. The stock’s 50-day moving average price is $36.21 and its two-hundred day moving average price is $39.37. The company has a current ratio of 2.24, a quick ratio of 1.31 and a debt-to-equity ratio of 0.38.
Hawkins (NASDAQ:HWKN – Get Rating) last announced its earnings results on Wednesday, May 18th. The specialty chemicals company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.43 by $0.07. The firm had revenue of $222.97 million for the quarter, compared to the consensus estimate of $188.90 million. Hawkins had a return on equity of 18.65% and a net margin of 6.50%. During the same period in the previous year, the business earned $0.43 EPS. On average, analysts anticipate that Hawkins will post 2.14 EPS for the current year.
Wall Street Analysts Forecast Growth
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in HWKN. Captrust Financial Advisors lifted its stake in shares of Hawkins by 66.6% in the 1st quarter. Captrust Financial Advisors now owns 1,566 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 626 shares during the period. Advisory Services Network LLC bought a new stake in Hawkins in the 1st quarter valued at about $207,000. Hsbc Holdings PLC bought a new stake in Hawkins in the 1st quarter valued at about $255,000. Sei Investments Co. bought a new stake in Hawkins in the 1st quarter valued at about $302,000. Finally, MetLife Investment Management LLC increased its position in Hawkins by 65.0% in the 1st quarter. MetLife Investment Management LLC now owns 9,766 shares of the specialty chemicals company’s stock valued at $448,000 after buying an additional 3,846 shares in the last quarter. 64.98% of the stock is owned by institutional investors and hedge funds.
Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationally. 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.
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