Hawkins, Inc. (NASDAQ:HWKN) Announces Quarterly Dividend of $0.19

Key Points

• Hawkins, Inc. declared a quarterly dividend of $0.19 per share, representing a 5.6% increase from its previous dividend, and it will be paid to investors of record on August 15th.
• The company reported earnings of $1.40 per share for the recent quarter, exceeding analyst expectations of $1.34, showcasing a strong financial performance.
• Hawkins has a low payout ratio of 15.3%, indicating that the dividend is well-covered by earnings and suggests sustainability in future dividend payments.

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.19 per share by the specialty chemicals company on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, August 15th. This is a 5.6% increase from Hawkins's previous quarterly dividend of $0.18.

Hawkins has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hawkins to earn $4.26 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 16.9%.

Hawkins Trading Down 2.9%

Shares of HWKN stock traded down $4.76 during mid-day trading on Friday, reaching $158.53. 144,394 shares of the stock traded hands, compared to its average volume of 148,737. The stock's fifty day simple moving average is $145.59 and its two-hundred day simple moving average is $124.25. Hawkins has a 1-year low of $98.30 and a 1-year high of $171.67. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 2.71 and a beta of 0.85. The company has a quick ratio of 1.37, a current ratio of 2.15 and a debt-to-equity ratio of 0.30.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.07. Hawkins had a return on equity of 18.66% and a net margin of 8.37%. The firm had revenue of $293.27 million for the quarter, compared to analyst estimates of $278.76 million. On average, research analysts anticipate that Hawkins will post 4 EPS for the current fiscal year.

Hedge Funds Weigh In On Hawkins

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in Hawkins by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 101,785 shares of the specialty chemicals company's stock worth $10,781,000 after acquiring an additional 2,365 shares during the period. Bessemer Group Inc. grew its holdings in Hawkins by 157,110.0% during the 1st quarter. Bessemer Group Inc. now owns 94,326 shares of the specialty chemicals company's stock worth $9,991,000 after acquiring an additional 94,266 shares during the period. Bridges Investment Management Inc. grew its holdings in Hawkins by 111.1% during the 1st quarter. Bridges Investment Management Inc. now owns 9,289 shares of the specialty chemicals company's stock worth $984,000 after acquiring an additional 4,888 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Hawkins by 2.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 45,599 shares of the specialty chemicals company's stock worth $4,942,000 after acquiring an additional 1,298 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Hawkins by 2.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,327 shares of the specialty chemicals company's stock worth $988,000 after acquiring an additional 239 shares during the period. 69.71% of the stock is owned by institutional investors and hedge funds.

About Hawkins

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.