Howden Joinery Group (LON:HWDN) Hits New 12-Month Low – Time to Sell?

Howden Joinery Group Plc (LON:HWDN) reached a new 52-week low 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 trading hands. The stock had previously closed at GBX 738.50 ($9.55).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their target price on Howden Joinery Group from GBX 680 ($8.79) to GBX 849 ($10.98) and gave the stock 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 968.80 ($12.53).

Howden Joinery Group Trading Down 2.4 %

The company has a 50 day simple moving average of GBX 787.61 and a 200 day simple moving average of GBX 826.62. The company has a market capitalization of £3.94 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.94 and a current ratio of 1.99.

Howden Joinery Group (LON:HWDN) last issued 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 return on equity of 25.70% and a net margin of 10.82%. Analysts anticipate that Howden Joinery Group Plc will post 52.8073286 earnings per share for the current year.

Howden Joinery Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 10th will be issued a GBX 16.30 ($0.21) dividend. 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 presently 45.01%.

Insiders Place Their Bets

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

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.