Howden Joinery Group (LON:HWDN) Reaches New 12-Month Low – Should You Sell?

Shares of Howden Joinery Group Plc (LON:HWDN) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 726 ($9.41) and last traded at GBX 730.50 ($9.47), with a volume of 2065541 shares trading hands. The stock had previously closed at GBX 751 ($9.74).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their target price on shares of Howden Joinery Group from GBX 680 ($8.82) to GBX 849 ($11.01) and gave the stock a “neutral” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 968.80 ($12.56).

Howden Joinery Group Price Performance

The firm has a 50-day moving average of GBX 790.42 and a 200 day moving average of GBX 836.44. The company has a market capitalization of £3.99 billion, a PE ratio of 15.66, a PEG ratio of 1.96 and a beta of 1.07. The company has a debt-to-equity ratio of 60.20, a current ratio of 1.99 and a quick ratio of 0.94.

Howden Joinery Group (LON:HWDN) last announced its quarterly earnings results on Thursday, February 27th. The company reported GBX 45.60 ($0.59) earnings per share (EPS) for the quarter. Howden Joinery Group had a net margin of 10.82% and a return on equity of 25.70%. As a group, research analysts anticipate that Howden Joinery Group Plc will post 52.8073286 earnings per share for the current fiscal year.

Howden Joinery Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of GBX 16.30 ($0.21) per share. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Howden Joinery Group’s previous dividend of $4.90. This represents a yield of 2.2%. Howden Joinery Group’s payout ratio is currently 45.01%.

Insider Activity

In other news, insider Tim Lodge purchased 7,500 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of GBX 772 ($10.01) per share, for a total transaction of £57,900 ($75,077.80). Insiders have bought 7,559 shares of company stock valued at $5,836,041 in the last ninety days. 0.47% of the stock is currently owned by company 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.