Howden Joinery Group (LON:HWDN) Hits New 52-Week Low - Here's What Happened

Howden Joinery Group Plc (LON:HWDN - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 726 ($9.38) and last traded at GBX 730.50 ($9.44), with a volume of 2065541 shares traded. The stock had previously closed at GBX 751 ($9.70).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their target price on shares of Howden Joinery Group from GBX 680 ($8.79) to GBX 849 ($10.97) and gave the company a "neutral" rating in a report on Thursday, December 5th. One 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 stock has a consensus rating of "Moderate Buy" and an average target price of GBX 968.80 ($12.52).

Howden Joinery Group Trading Up 0.6 %

The business has a 50 day simple moving average of GBX 789.90 and a two-hundred day simple moving average of GBX 832.21. The company has a current ratio of 1.99, a quick ratio of 0.94 and a debt-to-equity ratio of 60.20. The company has a market cap of £4.08 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

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

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Howden Joinery Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 10th will be issued a GBX 16.30 ($0.21) dividend. This represents a yield of 2.2%. This is an increase from Howden Joinery Group's previous dividend of $4.90. The ex-dividend date is Thursday, April 10th. Howden Joinery Group's payout ratio is presently 45.01%.

Insider Buying and Selling

In other news, insider Tim Lodge purchased 7,500 shares of the stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of GBX 772 ($9.98) per share, with a total value of £57,900 ($74,815.87). Over the last quarter, insiders purchased 7,559 shares of company stock valued at $5,836,041. Insiders own 0.47% of the company's stock.

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.