Howden Joinery Group (LON:HWDN) Sets New 52-Week Low - What's Next?

Howden Joinery Group Plc (LON:HWDN - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 724 ($9.34) and last traded at GBX 725 ($9.35), with a volume of 720739 shares trading hands. The stock had previously closed at GBX 738.50 ($9.53).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price on Howden Joinery Group from GBX 680 ($8.77) to GBX 849 ($10.95) and gave the stock a "neutral" rating in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of GBX 968.80 ($12.50).

Howden Joinery Group Stock Performance

The stock has a market cap of £3.73 billion, a P/E ratio of 14.64, a PEG ratio of 1.96 and a beta of 1.07. The stock has a fifty day simple moving average of GBX 780.09 and a 200-day simple moving average of GBX 819.95. 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 - Get Free Report) last posted its quarterly earnings data 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, equities analysts expect that Howden Joinery Group Plc will post 52.8073286 earnings per share for the current year.

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Howden Joinery Group Increases Dividend

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

Insider Buying and Selling

In related news, insider Andrew Livingston purchased 17,707 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was purchased at an average cost of GBX 750 ($9.67) per share, for a total transaction of £132,802.50 ($171,313.85). Also, insider Roisin Currie acquired 1,387 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were bought at an average price of GBX 717 ($9.25) per share, for a total transaction of £9,944.79 ($12,828.68). Over the last 90 days, insiders acquired 26,653 shares of company stock worth $20,110,770. 0.47% of the stock is owned by 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.