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

Howden Joinery Group Plc (LON:HWDN)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as GBX 724 ($9.36) and last traded at GBX 725 ($9.37), with a volume of 720739 shares traded. The stock had previously closed at GBX 738.50 ($9.55).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price target on Howden Joinery Group from GBX 680 ($8.79) to GBX 849 ($10.98) and gave the stock a “neutral” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Howden Joinery Group presently has an average rating of “Moderate Buy” and an average price target of GBX 968.80 ($12.53).

Howden Joinery Group Stock Down 2.4 %

The stock has a market cap of £3.94 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.96 and a beta of 1.07. The company has a quick ratio of 0.94, a current ratio of 1.99 and a debt-to-equity ratio of 60.20. The business’s fifty day moving average is GBX 787.61 and its two-hundred day moving average is GBX 826.62.

Howden Joinery Group (LON:HWDN) last posted its quarterly earnings results on Thursday, February 27th. The company reported GBX 45.60 ($0.59) EPS for the quarter. Howden Joinery Group had a net margin of 10.82% and a return on equity of 25.70%. Equities analysts forecast 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 declared a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 10th will be issued a dividend of GBX 16.30 ($0.21) per share. This is an increase from Howden Joinery Group’s previous dividend of $4.90. The ex-dividend date of this dividend is Thursday, April 10th. This represents a yield of 2.2%. Howden Joinery Group’s dividend payout ratio is 45.01%.

Insider Activity

In other Howden Joinery Group news, insider Tim Lodge acquired 7,500 shares of the stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of GBX 772 ($9.98) per share, with a total value of £57,900 ($74,864.24). Also, insider Andrew Livingston acquired 17,707 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was acquired at an average price of GBX 750 ($9.70) per share, for a total transaction of £132,802.50 ($171,712.57). In the last quarter, insiders purchased 25,266 shares of company stock worth $19,116,291. 0.47% of the stock is currently owned by company insiders.

Howden Joinery Group Company Profile

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.