Hawkins, Inc. (NASDAQ:HWKN) Declares Dividend Increase – $0.20 Per Share

Hawkins, Inc. (NASDAQ:HWKN) declared a quarterly dividend on Monday, October 26th. Shareholders of record on Wednesday, November 11th will be paid a dividend of $0.20 per share by the specialty chemicals company on Wednesday, November 25th. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, November 11th. This is a 5.3% increase from Hawkins’s previous quarterly dividend of $0.19.

Hawkins has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 20 years. Hawkins has a dividend payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hawkins to earn $4.80 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 16.7%.

Hawkins Trading Up 2.4%

Shares of Hawkins stock opened at $135.44 on Tuesday. The business has a fifty day simple moving average of $126.44 and a two-hundred day simple moving average of $143.14. Hawkins has a 1 year low of $116.04 and a 1 year high of $174.12. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 35.09, a P/E/G ratio of 2.71 and a beta of 0.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.27 and a quick ratio of 1.54.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Monday, October 26th. The specialty chemicals company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.15. The firm had revenue of $313.82 million for the quarter, compared to analysts’ expectations of $302.70 million. Hawkins had a net margin of 7.29% and a return on equity of 15.42%. Research analysts forecast that Hawkins will post 4.07 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on HWKN. Zacks Research lowered shares of Hawkins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Barclays set a $141.00 price target on shares of Hawkins and gave the company an “equal weight” rating in a research report on Tuesday, October 13th. BWS Financial reiterated a “buy” rating and issued a $200.00 price target on shares of Hawkins in a research note on Monday, August 3rd. Finally, Weiss Ratings upgraded Hawkins from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 21st. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $170.50.

Hawkins Company Profile

Hawkins, Inc (NASDAQ:HWKN) is a chemical manufacturer, blender and distributor serving customers across the United States. The company supplies a range of water treatment chemicals, industrial chemicals and specialty products to municipal, commercial and industrial users.

Its water treatment business provides chemicals and related solutions used in drinking water, wastewater and industrial water treatment applications. Hawkins also serves the industrial, health and nutrition, and specialty chemical markets, offering products such as chemical blends, custom formulations and other materials used in manufacturing, agriculture, food processing and pharmaceutical applications.

Founded in 1938, Hawkins is headquartered in Roseville, Minnesota, and operates through a network of manufacturing, blending, distribution and sales locations in the United States.