Hawkins, Inc. (NASDAQ:HWKN) to Issue $0.14 Quarterly Dividend

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

Separately, StockNews.com raised Hawkins from a “hold” rating to a “buy” rating in a research note on Tuesday, July 12th.

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.

About Hawkins

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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.