Harworth Group (LON:HWG) Posts Quarterly Earnings Results

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

Harworth Group Stock Down 1.7 %

Shares of LON HWG opened at GBX 169.15 ($2.20) on Wednesday. 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 has a 52 week low of GBX 125 ($1.63) and a 52 week high of GBX 195 ($2.54). The firm has a 50-day moving average price of GBX 164.77 and a 200 day moving average price of GBX 171.49. The stock has a market capitalization of £556.86 million, a price-to-earnings ratio of 11.15 and a beta of 0.74.

Harworth Group Increases Dividend

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

Insider Activity at Harworth Group

In related news, insider Lynda Shillaw acquired 17,291 shares of Harworth Group stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average price of GBX 174 ($2.26) per share, for a total transaction of £30,086.34 ($39,113.81). Insiders purchased 17,473 shares of company stock worth $3,038,573 over the last 90 days. 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.