Harworth Group (LON:HWG) Issues Quarterly Earnings Results

Harworth Group (LON:HWG) posted its earnings results on Tuesday. The company reported GBX 17.70 ($0.23) earnings per share 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

Shares of Harworth Group stock traded up GBX 0.50 ($0.01) during trading on Thursday, hitting GBX 171 ($2.22). The stock had a trading volume of 10,126 shares, compared to its average volume of 187,768. Harworth Group has a 12 month low of GBX 125 ($1.63) and a 12 month high of GBX 195 ($2.54). The company has a current ratio of 2.59, a quick ratio of 1.13 and a debt-to-equity ratio of 13.88. The firm has a market cap of £562.97 million, a price-to-earnings ratio of 11.27 and a beta of 0.74. The business’s 50-day moving average is GBX 165.02 and its 200 day moving average is GBX 171.53.

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 represents a yield of 0.65%. The ex-dividend date is Thursday, April 24th. This is a positive change from Harworth Group’s previous dividend of $0.49. Harworth Group’s dividend payout ratio is 13.18%.

Insider Buying and Selling at Harworth Group

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

About Harworth Group

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.