Hill & Smith Cancels More Shares as £100m Buyback Progresses

Hill & Smith Holdings ( (GB:HILS) ) just unveiled an announcement.

Hill & Smith has continued to execute its previously announced £100m share buyback programme, repurchasing 14,000 ordinary shares for cancellation on 5 March 2026 via Deutsche Bank’s London branch. The shares were acquired on the London Stock Exchange at prices between 2,270p and 2,300p, at a volume-weighted average of 2,294.3461p.

Following this latest transaction, the company’s total shares in issue will fall to 79,354,335, with 1,453,212 shares now cancelled under the programme to date. The ongoing buyback signals an active approach to capital management and is likely to enhance earnings per share and support shareholder returns by reducing the company’s equity base over time.

The most recent analyst rating on (GB:HILS) stock is a Buy with a £2633.00 price target. To see the full list of analyst forecasts on Hill & Smith Holdings stock, see the GB:HILS Stock Forecast page.

Spark’s Take on GB:HILS Stock

According to Spark, TipRanks’ AI Analyst, GB:HILS is a Outperform.

Hill & Smith Holdings scores well due to its strong financial performance and positive corporate actions, such as the share buyback program. While technical indicators show bullish momentum, the high P/E ratio suggests potential overvaluation, which slightly tempers the overall score.

To see Spark’s full report on GB:HILS stock, click here.

More about Hill & Smith Holdings

Hill & Smith PLC is a U.K.-listed company operating on the London Stock Exchange, with its capital structure comprising ordinary shares of 25 pence each. The group is engaged in industrial and infrastructure-related activities and is a constituent of the broader London market for engineering and construction-linked businesses.

Average Trading Volume: 159,962

Technical Sentiment Signal: Buy

Current Market Cap: £1.82B

For detailed information about HILS stock, go to TipRanks’ Stock Analysis page.