Chris Carney Acquires 157 Shares of Taylor Wimpey (LON:TW) Stock

Taylor Wimpey plc (LON:TW) insider Chris Carney bought 157 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was purchased at an average price of GBX 96 per share, with a total value 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 acquired at an average cost of GBX 108 per share, for a total transaction of £149.04.
• On Thursday, January 8th, Chris Carney acquired 140 shares of Taylor Wimpey stock. The shares were acquired at an average price of GBX 108 per share, with a total value of £151.20.

Taylor Wimpey Price Performance

TW stock traded down GBX 2.20 on Tuesday, reaching GBX 96.24. The company’s stock had a trading volume of 34,112,868 shares, compared to its average volume of 2,409,451. The company has a debt-to-equity ratio of 2.96, a current ratio of 4.96 and a quick ratio of 0.71. The company has a market capitalization of £3.46 billion, a P/E ratio of 14.04, a P/E/G ratio of 2.04 and a beta of 1.35. The business has a 50 day simple moving average of GBX 108.94 and a two-hundred day simple moving average of GBX 104.37.

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

Taylor Wimpey declared that its Board of Directors has approved a share repurchase plan on Thursday, March 5th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the homebuilder to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

TW has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating for the company in a report on Thursday, December 4th. Jefferies Financial Group lowered their target price on shares of Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating on the stock in a research note on Monday, January 19th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 128 price target on shares of Taylor Wimpey in a research note on Thursday, January 15th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 120 price objective on shares of Taylor Wimpey in a report on Thursday, March 5th. Finally, Citigroup lowered their price objective on shares of Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating on the stock in a research note on Friday, January 16th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Taylor Wimpey has an average rating of “Moderate Buy” and a consensus price target of GBX 125.33.

About Taylor Wimpey

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.