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

Harworth Group plc (LON:HWG) insider Katerina Patmore bought 84 shares of the stock in a transaction on Tuesday, September 15th. The shares were acquired at an average cost of GBX 178 per share, with a total value of £149.52.

Katerina Patmore also recently made the following trade(s):

• On Monday, August 17th, Katerina Patmore bought 84 shares of Harworth Group stock. The stock was bought at an average cost of GBX 179 per share, with a total value of £150.36.
• On Wednesday, July 15th, Katerina Patmore purchased 117 shares of Harworth Group stock. The stock was bought at an average price of GBX 127 per share, for a total transaction of £148.59.

Harworth Group Trading Down 0.4%

HWG opened at GBX 177.60 on Friday. The company has a market cap of £577.60 million, a P/E ratio of 63.43 and a beta of 0.57. The company has a current ratio of 441.42, a quick ratio of 1.13 and a debt-to-equity ratio of 29.88. The company’s 50 day moving average is GBX 160.43 and its 200-day moving average is GBX 146.41. Harworth Group plc has a 1-year low of GBX 116.80 and a 1-year high of GBX 185.

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

Harworth Group News Summary

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

Analysts Set New Price Targets

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

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.