Taylor Wimpey (LON:TW) Insider Purchases £150.72 in Stock

Taylor Wimpey plc (LON:TW) insider Chris Carney bought 157 shares of the stock in a transaction on Monday, March 9th. The shares were bought at an average price of GBX 96 per share, for a total transaction of £150.72.

Chris Carney also recently made the following trade(s):

• On Thursday, March 5th, Chris Carney sold 329,993 shares of Taylor Wimpey stock. The shares were sold at an average price of GBX 101, for a total transaction of £333,292.93.
• On Monday, February 9th, Chris Carney purchased 138 shares of Taylor Wimpey stock. The shares were bought at an average price of GBX 108 per share, with a total value of £149.04.
• On Thursday, January 8th, Chris Carney purchased 140 shares of Taylor Wimpey stock. The shares were purchased at an average cost of GBX 108 per share, for a total transaction of £151.20.

Taylor Wimpey Price Performance

TW opened at GBX 97.24 on Friday. The firm has a market cap of £3.50 billion, a PE ratio of 14.19, a P/E/G ratio of 2.04 and a beta of 1.35. The stock has a fifty day moving average price of GBX 108.39 and a 200 day moving average price of GBX 104.26. The company has a current ratio of 4.96, a quick ratio of 0.71 and a debt-to-equity ratio of 2.96.

Taylor Wimpey (LON:TW) last issued its quarterly earnings data on Thursday, March 5th. The homebuilder reported GBX 8 earnings per share (EPS) for the quarter. Taylor Wimpey had a return on equity of 2.40% and a net margin of 2.61%. Research analysts expect that Taylor Wimpey plc will post 9.8339265 EPS for the current fiscal year.

Taylor Wimpey declared that its board has initiated a stock repurchase program on Thursday, March 5th that permits the company to buyback 0 shares. This buyback authorization permits the homebuilder to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

TW has been the topic of a number of research reports. The Goldman Sachs Group began coverage on shares of Taylor Wimpey in a research note on Monday, November 24th. They issued a “neutral” rating and a GBX 109 price objective on the stock. Jefferies Financial Group cut their target price on shares of Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating for the company in a research report on Monday, January 19th. JPMorgan Chase & Co. reduced their price target on shares of Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 150 price objective on shares of Taylor Wimpey in a research note on Friday, January 16th. Finally, Citigroup cut their price objective on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating for the company in a research report on Friday, January 16th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Taylor Wimpey has an average rating of “Moderate Buy” and an average price target of GBX 124.44.

Taylor Wimpey Company Profile

Taylor Wimpey plc operates as a homebuilder in the United Kingdom and Spain. It builds and delivers various homes and communities. Taylor Wimpey plc was incorporated in 1935 and is based in High Wycombe, the United Kingdom.