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Howden Joinery Group (LON:HWDN) Stock Crosses Above 200-Day Moving Average - Here's Why

Howden Joinery Group logo with Consumer Cyclical background

Howden Joinery Group Plc (LON:HWDN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 792.56 ($10.63) and traded as high as GBX 793.50 ($10.64). Howden Joinery Group shares last traded at GBX 773 ($10.37), with a volume of 4,911,865 shares changing hands.

Howden Joinery Group Price Performance

The firm has a market capitalization of £4.23 billion, a PE ratio of 16.59, a P/E/G 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. The stock has a fifty day moving average price of GBX 736.51 and a 200-day moving average price of GBX 792.42.

Howden Joinery Group (LON:HWDN - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported GBX 45.60 ($0.61) earnings per share (EPS) for the quarter. Howden Joinery Group had a return on equity of 25.70% and a net margin of 10.82%. Sell-side analysts forecast that Howden Joinery Group Plc will post 52.8073286 EPS for the current fiscal year.

Howden Joinery Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 10th will be paid a dividend of GBX 16.30 ($0.22) per share. This represents a dividend yield of 2.2%. 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. Howden Joinery Group's payout ratio is 45.01%.

Insider Buying and Selling at Howden Joinery Group

In related news, insider Roisin Currie acquired 1,387 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average price of GBX 717 ($9.62) per share, for a total transaction of £9,944.79 ($13,337.97). Also, insider Tim Lodge acquired 7,500 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average cost of GBX 772 ($10.35) per share, with a total value of £57,900 ($77,655.58). Insiders bought a total of 26,654 shares of company stock worth $20,110,368 over the last three months. Corporate insiders own 0.47% of the company's stock.

Howden Joinery Group Company Profile

(Get Free Report)

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.

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