Taylor Wimpey (LON:TW) Insider Sells £333,292.93 in Stock

Taylor Wimpey plc (LON:TW) insider Chris Carney sold 329,993 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of GBX 101, for a total value of £333,292.93.

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

• On Monday, March 9th, Chris Carney acquired 157 shares of Taylor Wimpey stock. The stock was purchased at an average price of GBX 96 per share, with a total value of £150.72.
• On Monday, February 9th, Chris Carney acquired 138 shares of Taylor Wimpey stock. The shares were purchased at an average cost of GBX 108 per share, with a total value of £149.04.
• On Thursday, January 8th, Chris Carney bought 140 shares of Taylor Wimpey stock. The shares were acquired at an average price of GBX 108 per share, for a total transaction of £151.20.

Taylor Wimpey Price Performance

LON:TW opened at GBX 97.76 on Thursday. The stock has a fifty day simple moving average of GBX 108.59 and a 200-day simple moving average of GBX 104.31. The stock has a market cap of £3.51 billion, a P/E ratio of 14.26, a PEG ratio of 2.04 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 4.96 and a debt-to-equity ratio of 2.96.

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

Taylor Wimpey announced that its board has approved a stock repurchase program on Thursday, March 5th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the homebuilder to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Berenberg Bank lowered their target price on shares of Taylor Wimpey from GBX 128 to GBX 120 and set a “buy” rating for the company in a report on Tuesday. Citigroup cut their price target on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating on the stock in a research note on Friday, January 16th. Jefferies Financial Group reduced their price objective on Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating for the company in a research report on Monday, January 19th. The Goldman Sachs Group initiated coverage on Taylor Wimpey in a research note on Monday, November 24th. They set a “neutral” rating and a GBX 109 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Taylor Wimpey has an average rating of “Moderate Buy” and a consensus 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.