Howden Joinery Group (LON:HWDN) Reaches New 12-Month High at $910.50

Shares of Howden Joinery Group Plc (LON:HWDN) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 910.50 ($11.44) and last traded at GBX 909 ($11.42), with a volume of 684499 shares trading hands. The stock had previously closed at GBX 898 ($11.28).

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HWDN. Citigroup downgraded shares of Howden Joinery Group to a “neutral” rating and set a GBX 865 ($10.87) target price on the stock. in a research note on Friday, March 1st. JPMorgan Chase & Co. raised their target price on shares of Howden Joinery Group from GBX 670 ($8.42) to GBX 680 ($8.54) and gave the company a “neutral” rating in a research note on Tuesday, March 5th. Berenberg Bank reissued a “buy” rating and issued a GBX 930 ($11.68) target price on shares of Howden Joinery Group in a research note on Tuesday, March 5th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 920 ($11.56) target price on shares of Howden Joinery Group in a research note on Friday, April 12th. Finally, Barclays reissued an “overweight” rating and issued a GBX 1,010 ($12.69) target price on shares of Howden Joinery Group in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Howden Joinery Group currently has an average rating of “Moderate Buy” and an average target price of GBX 856.43 ($10.76).

Howden Joinery Group Stock Performance

The stock’s fifty day moving average is GBX 872.50 and its two-hundred day moving average is GBX 793.47. The firm has a market capitalization of £4.99 billion, a price-to-earnings ratio of 1,971.74, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01. The company has a debt-to-equity ratio of 75.88, a quick ratio of 0.94 and a current ratio of 1.92.

Howden Joinery Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 11th will be issued a dividend of GBX 16.20 ($0.20) per share. This represents a yield of 2.1%. This is a positive change from Howden Joinery Group’s previous dividend of $4.80. The ex-dividend date of this dividend is Thursday, April 11th. Howden Joinery Group’s dividend payout ratio (DPR) is presently 4,565.22%.

Insider Activity at Howden Joinery Group

In related news, insider Vanda Murray acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of GBX 874 ($10.98) per share, with a total value of £26,220 ($32,939.70). In related news, insider Vanda Murray acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of GBX 874 ($10.98) per share, with a total value of £26,220 ($32,939.70). Also, insider Paul Hayes acquired 3,964 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of GBX 869 ($10.92) per share, with a total value of £34,447.16 ($43,275.33). In the last three months, insiders bought 7,213 shares of company stock valued at $6,537,178. Corporate insiders own 0.55% of the company’s stock.

Howden Joinery Group Company Profile

Howden Joinery Group Plc supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland. The company's product portfolio worktops, sinks and taps, flooring, appliances, and handles; internal and external doors, including fire doors, flooring, stair parts, and general joinery items; and cooking, cleaning, and cooling appliances.