Howden Joinery has been among the best-performing FTSE 350 stocks over the past five years. Over this period, the company has returned 50%, excluding dividends, even after sharp declines from their all-time highs.
Howden has navigated the current slowdown in UK housing exceptionally. In addition, kitchens and hardware supplier has a Return on Capital Employed (ROCE) of 26, one of the highest in the FTSE 350.
Such a high ROCE demonstrates the underlying efficiency of the business and reflects a solid long-term investment proposition.
That said, those not yet holding the stock may wan...
