Harworth Group (LON:HWG) Insider Buys £149.52 in Stock

Harworth Group plc (LON:HWG) insider Lynda Shillaw purchased 84 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average cost of GBX 178 per share, with a total value of £149.52.

Lynda Shillaw also recently made the following trade(s):

• On Monday, August 17th, Lynda Shillaw purchased 84 shares of Harworth Group stock. The shares were bought at an average cost of GBX 179 per share, for a total transaction of £150.36.
• On Wednesday, July 15th, Lynda Shillaw purchased 118 shares of Harworth Group stock. The stock was bought at an average price of GBX 127 per share, for a total transaction of £149.86.

Harworth Group Stock Down 0.4%

Shares of HWG opened at GBX 177.60 on Friday. Harworth Group plc has a fifty-two week low of GBX 116.80 and a fifty-two week high of GBX 185. The company’s fifty day moving average is GBX 160.43 and its two-hundred day moving average is GBX 146.41. The firm has a market cap of £577.60 million, a PE ratio of 63.43 and a beta of 0.57. The company has a quick ratio of 1.13, a current ratio of 441.42 and a debt-to-equity ratio of 29.88.

Harworth Group (LON:HWG) last released its quarterly earnings data on Wednesday, September 9th. The company reported GBX (7.80) EPS for the quarter. Harworth Group had a negative return on equity of 3.74% and a negative net margin of 20.56%. Analysts forecast that Harworth Group plc will post 15.3212521 earnings per share for the current year.

Analyst Ratings Changes

HWG has been the subject of several recent research reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 200 price objective on shares of Harworth Group in a research report on Wednesday, August 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 170 target price on shares of Harworth Group in a research report on Wednesday, September 9th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 196.75.

Key Stories Impacting Harworth Group

Here are the key news stories impacting Harworth Group this week:

• Positive Sentiment: Harworth’s board rejected Peel’s sweetened offer, indicating that management believes the company’s long-term land portfolio and development potential are worth more than the current proposal. The decision could support the investment case if Peel raises its bid or another bidder emerges. Peel’s £600m offer for Harworth rejected again
• Positive Sentiment: The takeover debate is focused on the future value of Harworth’s extensive regeneration and development land, rather than only its current earnings. That provides a potential catalyst for a higher valuation, particularly given the company’s portfolio of more than 14,000 acres. Harworth’s bidding war is really about future land value
• Neutral Sentiment: Several insiders bought small parcels of 84 shares at GBX 178 each. The purchases may signal confidence, but their limited value makes them unlikely to materially affect the stock. Harworth Group insider purchase
• Neutral Sentiment: Harworth issued 31,422 new shares after employee option exercises, creating only modest dilution and having little fundamental impact. Harworth issues new shares after employee option exercise
• Negative Sentiment: Investors do not yet have a binding transaction or guaranteed premium. The failed revised bid leaves the outcome uncertain, while Harworth’s recent loss, negative margins and elevated valuation could limit support if takeover expectations fade. Harworth rejects revised bid from Peel Bidco

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. Visit www.harworthgroup.com for further information.