Insider Buying: Taylor Wimpey (LON:TW) Insider Buys £119,772.20 in Stock

Taylor Wimpey plc (LON:TW) insider Jennie Daly acquired 139,270 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were purchased at an average price of GBX 86 per share, with a total value of £119,772.20.

Jennie Daly also recently made the following trade(s):

• On Monday, March 9th, Jennie Daly bought 157 shares of Taylor Wimpey stock. The stock was purchased at an average price of GBX 96 per share, for a total transaction of £150.72.
• On Thursday, March 5th, Jennie Daly sold 490,379 shares of Taylor Wimpey stock. The shares were sold at an average price of GBX 101, for a total transaction of £495,282.79.
• On Monday, February 9th, Jennie Daly purchased 139 shares of Taylor Wimpey stock. The shares were purchased at an average price of GBX 108 per share, with a total value of £150.12.
• On Thursday, January 8th, Jennie Daly purchased 139 shares of Taylor Wimpey stock. The shares were purchased at an average cost of GBX 108 per share, for a total transaction of £150.12.

Taylor Wimpey Price Performance

TW traded up GBX 1.02 during trading hours on Wednesday, reaching GBX 88.62. The company’s stock had a trading volume of 35,247,296 shares, compared to its average volume of 2,409,451. The stock has a market cap of £3.19 billion, a PE ratio of 12.93, a PEG ratio of 2.04 and a beta of 1.35. The business has a fifty day moving average of GBX 105.92 and a 200-day moving average of GBX 104.09. 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 posted its earnings results 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%. Analysts expect that Taylor Wimpey plc will post 9.8339265 EPS for the current year.

Taylor Wimpey declared that its Board of Directors has authorized a stock buyback program on Thursday, March 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the homebuilder to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TW. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 120 price objective on shares of Taylor Wimpey in a research report on Thursday, March 5th. Berenberg Bank decreased their price target on Taylor Wimpey from GBX 128 to GBX 120 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. JPMorgan Chase & Co. lowered their price target on Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Jefferies Financial Group dropped their price objective on Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating for the company in a research note on Monday, January 19th. Finally, Citigroup cut their price objective on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating on the stock in a report on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Taylor Wimpey currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 124.44.

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.