Insider Buying: Howden Joinery Group Plc (LON:HWDN) Insider Acquires £152.83 in Stock

Howden Joinery Group Plc (LON:HWDN) insider Paul Hayes acquired 17 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of GBX 899 ($11.74) per share, for a total transaction of £152.83 ($199.57).

Paul Hayes also recently made the following trade(s):

• On Friday, July 19th, Paul Hayes bought 16 shares of Howden Joinery Group stock. The shares were bought at an average price of GBX 932 ($12.17) per share, with a total value of £149.12 ($194.72).

Howden Joinery Group Price Performance

LON HWDN opened at GBX 905 ($11.82) on Friday. The firm’s fifty day simple moving average is GBX 922.37 and its two-hundred day simple moving average is GBX 904.48. The firm has a market capitalization of £4.98 billion, a P/E ratio of 1,967.39, a P/E/G ratio of 1.98 and a beta of 1.07. The company has a current ratio of 1.99, a quick ratio of 0.94 and a debt-to-equity ratio of 75.88. Howden Joinery Group Plc has a 12-month low of GBX 612 ($7.99) and a 12-month high of GBX 982.50 ($12.83).

Howden Joinery Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 17th will be paid a dividend of GBX 4.90 ($0.06) per share. The ex-dividend date is Thursday, October 17th. This represents a yield of 0.52%. Howden Joinery Group’s dividend payout ratio (DPR) is 4,565.22%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group boosted their price target on Howden Joinery Group from GBX 1,042 ($13.61) to GBX 1,090 ($14.23) and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Howden Joinery Group has an average rating of “Moderate Buy” and an average target price of GBX 904.29 ($11.81).

About Howden Joinery Group

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.