Director dealings: Wife of Howden Joinery's Robert Fenwick lowers stake

6th Aug 2018 14:32

(Sharecast News) - Elizabeth Fenwick, the wife of Howden Joinery director Robert Fenwick, disposed of 70,000 ordinary shares in the FTSE 250 resident on Monday morning.Fenwick offloaded the shares at an average price of 464.89p each, for a total of £325,423.Robert Fenwick, who joined the group in 2001, has been responsible for transforming Howden's supply division from a vertically integrated operation to a commercial organisation since October 2005.Analysts at Canaccord Genuity lifted their target price on Howden Joinery to 525p from 515p in late July; however, the broker opted to downgrade the group to 'hold' from 'buy' as it sought clarity on where group growth would come from.With Howden continuing to deliver "a good performance" in a difficult UK market while flexing its pricing and volume focus, new chief executive CEO Andrew Livingston alluded to further opportunities to build on the firm's core business model by expanding its product range, upgrading its IT and digital offering.Canaccord expects some gross margin improvement in the second half of the year and stated that it believes Howden remained "well-positioned" to continue to outperform the wider UK market "given its strengths".As of 1500 BST, Howden shares had dipped 0.37% to 463.30p.Top Director BuysEssentra (ESNT)Director name: Forman,PaulAmount purchased: 20,000 @ 472.40pValue: £94,480.00Caspian Sunrise (CASP)Director name: Limerick,Edmund Amount purchased: 480,000 @ 10.25pValue: £49,200.00Non-standard Finance (NSF)Director name: Cresswell-Turner,MilesAmount purchased: 31,591 @ 63.31pValue: £19,999.63Non-standard Finance (NSF)Director name: Cresswell-Turner,MilesAmount purchased: 31,261 @ 63.97pValue: £19,997.66Infrastrata (INFA)Director name: Wood,JohnAmount purchased: 2,220,335 @ 0.63pValue: £13,965.91Non-standard Finance (NSF)Director name: Cresswell-Turner,MilesAmount purchased: 15,869 @ 63.01pValue: £9,999.37Caffyns (CFYN)Director name: Wright,RichardAmount purchased: 2,188 @ 446.00pValue: £9,758.48Phoenix Global Mining Limited (di) (PGM)Director name: Cohen,Andre Amount purchased: 300,000 @ 3.11pValue: £9,315.00Phoenix Global Mining Limited (di) (PGM)Director name: Cohen,Andre Amount purchased: 200,000 @ 3.11pValue: £6,210.00New Century Aim Vct 2 (NCA2)Director name: Barnard,Michael DavidAmount purchased: 7,860 @ 63.00pValue: £4,951.80Marshalls (MSLH)Director name: Clarke,JackAmount purchased: 35 @ 427.50pValue: £149.63Marshalls (MSLH)Director name: Coffey,MartynAmount purchased: 35 @ 427.50pValue: £149.63Top Director SellsHowden Joinery Group (HWDN)Director name: Fenwick,Robert Amount sold: 70,000 @ 464.89pValue: £325,423.00Morgan Advanced Materials (MGAM)Director name: Raby,PeteAmount sold: 9,883 @ 352.40pValue: £34,827.69Phoenix Global Mining Limited (di) (PGM)Director name: Cohen,Andre Amount sold: 300,000 @ 3.10pValue: £9,300.00Phoenix Global Mining Limited (di) (PGM)Director name: Cohen,Andre Amount sold: 200,000 @ 3.10pValue: £6,200.00