Hawkins, Inc. (HWKN) Announces Quarterly Earnings Results
Hawkins, Inc. (NASDAQ:HWKN) issued its earnings results on Wednesday. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The business had revenue of $125.40 million for the quarter. Hawkins had a net margin of 3.84% and a return on equity of 8.55%.
Hawkins (NASDAQ:HWKN) traded down $0.25 during trading on Friday, hitting $36.65. 30,669 shares of the company’s stock were exchanged, compared to its average volume of 19,811. The stock has a market capitalization of $396.67 million, a P/E ratio of 20.90 and a beta of 0.73.
The firm also recently disclosed a semiannual dividend, which was paid on Friday, October 6th. Shareholders of record on Friday, September 22nd were paid a $0.44 dividend. This represents a dividend yield of 2.16%. This is a positive change from Hawkins’s previous semiannual dividend of $0.42. The ex-dividend date was Thursday, September 21st. Hawkins’s dividend payout ratio (DPR) is 49.44%.
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In related news, Director Mary J. Schumacher purchased 1,400 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were acquired at an average price of $35.80 per share, for a total transaction of $50,120.00. Following the purchase, the director now owns 6,616 shares in the company, valued at $236,852.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Richard G. Erstad sold 1,200 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $40.59, for a total transaction of $48,708.00. Following the completion of the transaction, the vice president now owns 9,300 shares in the company, valued at approximately $377,487. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.
Several brokerages recently issued reports on HWKN. BidaskClub lowered shares of Hawkins from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. TheStreet lowered shares of Hawkins from a “b” rating to a “c+” rating in a research note on Tuesday, August 15th.
Hawkins Company Profile
Hawkins, Inc distributes, blends and manufactures chemicals and specialty ingredients for its customers in a range of industries. The Company conducts its business in three segments: Industrial, Water Treatment, and Health and Nutrition. Its Industrial segment is engaged in providing industrial chemicals, products and services to various industries, such as agriculture, chemical processing, electronics and energy.
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