Harworth Group (LON:HWG) Announces Quarterly Earnings Results

Harworth Group (LON:HWG) issued its earnings results on Tuesday. The company reported GBX 17.70 ($0.23) earnings per share for the quarter, Digital Look Earnings reports. Harworth Group had a return on equity of 7.75% and a net margin of 52.25%.

Harworth Group Trading Down 0.3 %

Shares of HWG stock opened at GBX 170 ($2.21) on Thursday. The stock has a market capitalization of £559.67 million, a PE ratio of 11.21 and a beta of 0.74. Harworth Group has a 1-year low of GBX 125 ($1.63) and a 1-year high of GBX 195 ($2.54). The business has a 50-day moving average of GBX 165.02 and a 200 day moving average of GBX 171.53. The company has a debt-to-equity ratio of 13.88, a current ratio of 2.59 and a quick ratio of 1.13.

Harworth Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be issued a dividend of GBX 1.13 ($0.01) per share. The ex-dividend date is Thursday, April 24th. This is a boost from Harworth Group’s previous dividend of $0.49. This represents a yield of 0.65%. Harworth Group’s dividend payout ratio is currently 13.18%.

Insider Activity at Harworth Group

In other Harworth Group news, insider Lynda Shillaw purchased 17,291 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was bought at an average price of GBX 174 ($2.26) per share, with a total value of £30,086.34 ($39,139.25). Insiders purchased 17,473 shares of company stock worth $3,038,573 in the last ninety days. 53.39% of the stock is owned by company insiders.

Harworth Group Company Profile

Harworth Group plc is a leading sustainable regenerator of land and property for development and investment which owns, develops and manages a portfolio of over 14,000 acres of land on around 100 sites located throughout the North of England and Midlands. The Group specialises in the regeneration of large, complex sites, in particular former industrial sites, into new residential and industrial & logistics developments.