Hawkins, Inc. (HWKN) To Go Ex-Dividend on May 29th

Hawkins, Inc. (NASDAQ:HWKNGet Free Report) declared a quarterly dividend on Wednesday, May 13th. Shareholders of record on Friday, May 29th will be given a dividend of 0.19 per share by the specialty chemicals company on Friday, June 12th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, May 29th.

Hawkins has increased its dividend payment by an average of 0.1%annually 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. Equities 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 Up 2.3%

NASDAQ:HWKN opened at $156.67 on Wednesday. Hawkins has a 1-year low of $117.98 and a 1-year high of $186.15. The business’s 50-day moving average price is $154.90 and its two-hundred day moving average price is $146.54. The company has a current ratio of 2.21, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 40.07, a PEG ratio of 2.76 and a beta of 0.81.

Hawkins (NASDAQ:HWKNGet Free Report) last released its earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.02). Hawkins had a net margin of 7.53% and a return on equity of 16.08%. The company had revenue of $265.91 million during the quarter, compared to analyst estimates of $255.28 million. On average, equities analysts expect that Hawkins will post 4.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HWKN. BWS Financial restated a “buy” rating and issued a $200.00 price target on shares of Hawkins in a report on Monday, March 23rd. Weiss Ratings upgraded Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Hawkins currently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Get Our Latest Stock Analysis on HWKN

Hawkins Company Profile

(Get Free Report)

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.

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Dividend History for Hawkins (NASDAQ:HWKN)

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