Howden Joinery Group (LON:HWDN) Hits New 1-Year Low – Here’s Why

Shares of Howden Joinery Group Plc (LON:HWDN) hit a new 52-week low on Friday . The stock traded as low as GBX 726 ($9.41) and last traded at GBX 730.50 ($9.47), with a volume of 2065541 shares trading hands. The stock had previously closed at GBX 751 ($9.74).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price objective on Howden Joinery Group from GBX 680 ($8.82) to GBX 849 ($11.01) and gave the company a “neutral” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 968.80 ($12.56).

Howden Joinery Group Price Performance

The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.94 and a current ratio of 1.99. The business has a 50-day simple moving average of GBX 790.42 and a 200 day simple moving average of GBX 836.44. The firm has a market cap of £3.99 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Howden Joinery Group (LON:HWDN) last posted its earnings results on Thursday, February 27th. The company reported GBX 45.60 ($0.59) earnings per share (EPS) for the quarter. Howden Joinery Group had a return on equity of 25.70% and a net margin of 10.82%. On average, analysts anticipate that Howden Joinery Group Plc will post 52.8073286 earnings per share for the current fiscal year.

Howden Joinery Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 10th will be given a GBX 16.30 ($0.21) dividend. This represents a dividend yield of 2.2%. This is a boost from Howden Joinery Group’s previous dividend of $4.90. The ex-dividend date of this dividend is Thursday, April 10th. Howden Joinery Group’s dividend payout ratio (DPR) is currently 45.01%.

Insider Activity

In other news, insider Tim Lodge purchased 7,500 shares of Howden Joinery Group stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average cost of GBX 772 ($10.01) per share, with a total value of £57,900 ($75,077.80). In the last 90 days, insiders have purchased 7,559 shares of company stock valued at $5,836,041. Corporate insiders own 0.47% of the company’s stock.

About Howden Joinery Group

Howden Joinery Group Plc is the parent company of Howdens.

Howdens sells kitchens and joinery products to trade customers, primarily small local builders, through a network of over 850 UK depots. The business also operates over 70 depots across France, the Republic of Ireland, and Belgium.

Howdens only sells to the trade – they have the expertise to ensure that our products are fitted to the highest possible standards.