Hunting (LON:HTG) to Buyback $40.00 million in Outstanding Shares

Hunting (LON:HTG) announced that its board has initiated a stock repurchase program on Thursday, March 5th, RTT News reports. The company plans to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HTG shares. Royal Bank Of Canada boosted their price target on Hunting from GBX 440 to GBX 500 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Berenberg Bank raised their target price on shares of Hunting from GBX 450 to GBX 580 and gave the company a “buy” rating in a report on Thursday. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 600 target price on shares of Hunting in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 536.

Hunting Price Performance

Hunting stock opened at GBX 509 on Friday. Hunting has a 12 month low of GBX 245 and a 12 month high of GBX 553. The company has a market capitalization of £748.74 million, a PE ratio of -24.01, a P/E/G ratio of 1.06 and a beta of 0.74. The stock has a 50-day moving average price of GBX 452.16 and a two-hundred day moving average price of GBX 384.14. The company has a current ratio of 2.97, a quick ratio of 2.08 and a debt-to-equity ratio of 13.38.

Key Hunting News

Here are the key news stories impacting Hunting this week:

• Positive Sentiment: Board-approved $40m share repurchase program allowing purchases of up to ~5.3% of shares — signals management thinks the stock is undervalued and supports EPS/ROE. Article Link
• Positive Sentiment: Company cancelled recently repurchased shares and updated voting rights, effectively reducing outstanding shares and increasing per-share metrics for remaining shareholders. Article Link
• Positive Sentiment: Broker support strengthened: Canaccord reaffirmed a “buy” with a GBX 600 target and Berenberg raised its target from GBX 450 to GBX 580 — analyst upgrades/targets can attract buyers and validate management actions. Article Link
• Positive Sentiment: Management reports a 7% rise in EBITDA to $135.7m, is accelerating its Hunting 2030 cost-reduction plan, and prioritising capital allocation (including the buyback and further cost cuts) — fundamentals improvement and clearer shareholder-return focus. Article Link
• Neutral Sentiment: Hunting maintained 2026 guidance despite a decline in the order book — guidance stability is reassuring, but the weaker book is a caution for future revenue visibility. Article Link
• Neutral Sentiment: Full-year results for the year ended 31 Dec 2025 were published (see release for detail) — investors will parse margins, cash flow and order trends for guidance confirmation. Article Link
• Neutral Sentiment: Market previews and analyst notes on Q4/2025 results aim to set expectations ahead of detailed earnings commentary. Article Link
• Negative Sentiment: A technical note flagged that HTG has moved above its 200-day moving average, prompting commentary about whether it’s time to sell — such technical debates can create short-term volatility. Article Link

Insider Activity

In other news, insider Margaret Amos bought 5,136 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average price of GBX 387 per share, with a total value of £19,876.32. Also, insider Stuart Brightman acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average cost of GBX 388 per share, with a total value of £77,600. 3.40% of the stock is owned by corporate insiders.

Hunting Company Profile

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.