Harworth Group (LON:HWG) Issues Quarterly Earnings Results

Harworth Group (LON:HWG) posted its quarterly earnings data on Tuesday. The company reported GBX 17.70 ($0.23) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Harworth Group had a net margin of 52.25% and a return on equity of 7.75%.

Harworth Group Stock Performance

LON:HWG traded up GBX 0.50 ($0.01) during trading hours on Thursday, reaching GBX 171 ($2.22). The stock had a trading volume of 10,126 shares, compared to its average volume of 187,768. Harworth Group has a 12-month low of GBX 125 ($1.63) and a 12-month high of GBX 195 ($2.54). The company has a debt-to-equity ratio of 13.88, a quick ratio of 1.13 and a current ratio of 2.59. The stock has a 50 day simple moving average of GBX 165.02 and a 200 day simple moving average of GBX 171.53. The stock has a market cap of £562.97 million, a P/E ratio of 11.27 and a beta of 0.74.

Harworth Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be paid a GBX 1.13 ($0.01) dividend. This is an increase from Harworth Group’s previous dividend of $0.49. The ex-dividend date is Thursday, April 24th. This represents a yield of 0.65%. Harworth Group’s dividend payout ratio is presently 13.18%.

Insider Activity

In other Harworth Group news, insider Lynda Shillaw purchased 17,291 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were bought at an average cost of GBX 174 ($2.26) per share, for a total transaction of £30,086.34 ($39,139.25). Insiders have bought 17,473 shares of company stock valued at $3,038,573 in the last 90 days. Insiders own 53.39% of the company’s stock.

About Harworth Group

Harworth Group plc is a leading sustainable regenerator of land and property for development and investment which owns, develops and manages a portfolio of over 14,000 acres of land on around 100 sites located throughout the North of England and Midlands. The Group specialises in the regeneration of large, complex sites, in particular former industrial sites, into new residential and industrial & logistics developments.