Hunting launches second $40m share buyback after completing $60m programme

An update from Hunting ( (GB:HTG) ) is now available.

Hunting PLC has launched a second share buyback programme of up to $40 million in ordinary shares, following the completion of a prior $60 million repurchase that began in August 2025 and has now concluded with all shares cancelled. The new programme, which aims to further reduce the company’s share capital, is underpinned by continued cash generation and a strong balance sheet, signalling the board’s confidence in the business outlook.

The buyback, to be executed by Canaccord Genuity under a non-discretionary mandate and targeted for completion by March 2028, will be conducted through open-market purchases within pre-set parameters and in line with U.K. listing and market abuse regulations. Hunting will operate within existing shareholder authorities, seek annual renewals for buyback approval, and report purchases weekly, offering investors ongoing visibility into the capital return and its potential impact on share supply and valuation.

The most recent analyst rating on (GB:HTG) stock is a Buy with a £588.00 price target. To see the full list of analyst forecasts on Hunting stock, see the GB:HTG Stock Forecast page.

Spark’s Take on HTG Stock

According to Spark, TipRanks’ AI Analyst, HTG is a Outperform.

The score is driven mainly by improved operating performance and strong balance-sheet resilience, reinforced by positive FY26 guidance, a sizeable tender pipeline, and ongoing buybacks/dividend growth plans. Offsetting this are cash-flow volatility (notably the 2025 free-cash-flow decline), order-book visibility near-term, and only moderate valuation support for a cyclical business.

To see Spark’s full report on HTG stock, click here.

More about Hunting

Hunting PLC is a global precision engineering group that manufactures specialised equipment and provides premium services to industrial customers. Founded in 1874 and listed on the London Stock Exchange, the company is headquartered in London with a corporate office in Houston and operations across the U.K., Europe, the Americas, the Middle East and Asia-Pacific.

The group reports in U.S. dollars across five operating segments, including Hunting Titan, North America and Subsea Technologies, and organises its revenue and EBITDA around product lines such as OCTG, perforating systems, subsea and advanced manufacturing. This diversified geographic and product footprint underpins its position in precision manufacturing and related energy and industrial supply chains.

Average Trading Volume: 614,467

Technical Sentiment Signal: Buy

Current Market Cap: £703.8M

For an in-depth examination of HTG stock, go to TipRanks’ Overview page.