Howden Joinery Group (LON:HWDN) Announces Quarterly Earnings Results

Howden Joinery Group (LON:HWDN - Get Free Report) issued its quarterly earnings results on Thursday. The company reported GBX 45.60 ($0.58) earnings per share for the quarter, Digital Look Earnings reports. Howden Joinery Group had a net margin of 10.82% and a return on equity of 25.70%.

Howden Joinery Group Trading Down 0.7 %

Shares of Howden Joinery Group stock traded down GBX 5.40 ($0.07) during trading on Monday, reaching GBX 767.60 ($9.75). 2,221,247 shares of the company were exchanged, compared to its average volume of 5,305,436. The business has a 50-day moving average price of GBX 800.79 and a 200-day moving average price of GBX 852.95. The firm has a market capitalization of £4.19 billion, a price-to-earnings ratio of 16.45, a P/E/G 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. Howden Joinery Group has a twelve month low of GBX 736 ($9.35) and a twelve month high of GBX 982.50 ($12.49).

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HWDN. Berenberg Bank restated a "buy" rating and set a GBX 975 ($12.39) target price on shares of Howden Joinery Group in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on Howden Joinery Group from GBX 680 ($8.64) to GBX 849 ($10.79) and gave the stock a "neutral" rating in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 968.80 ($12.31).

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Insider Buying and Selling at Howden Joinery Group

In other news, insider Tim Lodge bought 7,500 shares of the stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of GBX 772 ($9.81) per share, with a total value of £57,900 ($73,579.87). Over the last quarter, insiders have purchased 7,538 shares of company stock valued at $5,820,438. 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.