Howden Joinery Group (LON:HWDN) Shares Pass Above 200-Day Moving Average - Here's What Happened

Howden Joinery Group Plc (LON:HWDN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 788.46 ($10.39) and traded as high as GBX 802 ($10.57). Howden Joinery Group shares last traded at GBX 801.04 ($10.55), with a volume of 2,271,099 shares traded.

Howden Joinery Group Stock Performance

The business's 50-day moving average is GBX 737.29 and its 200-day moving average is GBX 785.74. The company has a market capitalization of £4.53 billion, a PE ratio of 17.79, a PEG ratio of 1.96 and a beta of 1.07. The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.94 and a current ratio of 1.99.

Howden Joinery Group (LON:HWDN - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported GBX 45.60 ($0.60) earnings per share for the quarter. Howden Joinery Group had a return on equity of 25.70% and a net margin of 10.82%. On average, research analysts anticipate that Howden Joinery Group Plc will post 52.8073286 earnings per share for the current year.

Howden Joinery Group Increases Dividend

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

Insider Activity at Howden Joinery Group

In related news, insider Andrew Livingston purchased 17,707 shares of Howden Joinery Group stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average cost of GBX 750 ($9.88) per share, for a total transaction of £132,802.50 ($174,970.36). Also, insider Roisin Currie bought 1,387 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average price of GBX 717 ($9.45) per share, for a total transaction of £9,944.79 ($13,102.49). In the last ninety days, insiders have bought 26,654 shares of company stock valued at $20,110,368. 0.47% of the stock is owned by 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.