Harworth Group (LON:HWG) Releases Earnings Results

Harworth Group (LON:HWG) issued its quarterly earnings results on Tuesday. The company reported GBX 17.70 ($0.23) EPS for the quarter, Digital Look Earnings reports. Harworth Group had a return on equity of 7.75% and a net margin of 52.25%.

Harworth Group Price Performance

LON:HWG opened at GBX 170 ($2.21) on Thursday. The business’s 50-day moving average price is GBX 165.02 and its 200 day moving average price is GBX 171.53. The firm has a market cap of £559.67 million, a P/E ratio of 11.21 and a beta of 0.74. Harworth Group has a 52-week low of GBX 125 ($1.63) and a 52-week high of GBX 195 ($2.54). The company has a quick ratio of 1.13, a current ratio of 2.59 and a debt-to-equity ratio of 13.88.

Harworth Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be issued a dividend of GBX 1.13 ($0.01) per share. This is a positive change from Harworth Group’s previous dividend of $0.49. This represents a yield of 0.65%. The ex-dividend date is Thursday, April 24th. Harworth Group’s payout ratio is presently 13.18%.

Insider Buying and Selling

In related news, insider Lynda Shillaw purchased 17,291 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was acquired at an average price of GBX 174 ($2.26) per share, for a total transaction of £30,086.34 ($39,139.25). Insiders have bought a total of 17,473 shares of company stock valued at $3,038,573 over the last three months. Company insiders own 53.39% of the company’s stock.

Harworth Group Company Profile

Harworth Group plc is a leading sustainable regenerator of land and property for development and investment which owns, develops and manages a portfolio of over 14,000 acres of land on around 100 sites located throughout the North of England and Midlands. The Group specialises in the regeneration of large, complex sites, in particular former industrial sites, into new residential and industrial & logistics developments.