Howden Joinery Group (LON:HWDN) Reaches New 12-Month High After Insider Buying Activity

Shares of Howden Joinery Group Plc (LON:HWDNGet Free Report) reached a new 52-week high on Wednesday following insider buying activity. The stock traded as high as GBX 898.60 ($11.36) and last traded at GBX 897.40 ($11.34), with a volume of 21156 shares. The stock had previously closed at GBX 890.20 ($11.25).

Specifically, insider Paul Hayes purchased 3,964 shares of Howden Joinery Group stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average cost of GBX 869 ($10.98) per share, for a total transaction of £34,447.16 ($43,532.36). In related news, insider Paul Hayes purchased 3,964 shares of Howden Joinery Group stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average cost of GBX 869 ($10.98) per share, for a total transaction of £34,447.16 ($43,532.36). Also, insider Andrew Livingston purchased 18 shares of Howden Joinery Group stock in a transaction dated Tuesday, March 19th. The stock was bought at an average price of £153.09 ($193.47) per share, for a total transaction of £2,755.62 ($3,482.40). In the last ninety days, insiders have bought 4,020 shares of company stock worth $3,750,089. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HWDN shares. Berenberg Bank restated a “buy” rating and issued a GBX 930 ($11.75) price target on shares of Howden Joinery Group in a research report on Tuesday, March 5th. Citigroup lowered Howden Joinery Group to a “neutral” rating and set a GBX 865 ($10.93) target price on the stock. in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. lifted their target price on Howden Joinery Group from GBX 670 ($8.47) to GBX 680 ($8.59) and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 810.83 ($10.25).

Read Our Latest Research Report on HWDN

Howden Joinery Group Price Performance

The company has a 50 day simple moving average of GBX 818.88 and a 200-day simple moving average of GBX 757.02. The stock has a market cap of £4.92 billion, a price-to-earnings ratio of 1,935.22, a P/E/G ratio of 1.99 and a beta of 1.01. The company has a current ratio of 1.92, a quick ratio of 0.94 and a debt-to-equity ratio of 75.88.

Howden Joinery Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 11th will be paid a GBX 16.20 ($0.20) dividend. This is an increase from Howden Joinery Group’s previous dividend of $4.80. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 2.1%. Howden Joinery Group’s dividend payout ratio (DPR) is currently 4,565.22%.

About Howden Joinery Group

(Get Free Report)

Howden Joinery Group Plc manufactures and distributes various kitchens, joinery, and hardware products in the United Kingdom, France, Ireland, and Belgium. It offers worktops, sinks and taps, flooring, appliances, and handles; internal and external doors, including fire doors, flooring, stair parts, and general joinery items; and cooking, cleaning, and cooling appliances.

Further Reading

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