Taylor Wimpey (LON:TW) Issues Earnings Results

Taylor Wimpey (LON:TW) issued its earnings results on Friday. The homebuilder reported GBX 2.50 earnings per share for the quarter, Digital Look Earnings reports. Taylor Wimpey had a net margin of 2.61% and a return on equity of 2.40%.

Taylor Wimpey Stock Performance

LON TW traded up GBX 0.14 during trading hours on Friday, hitting GBX 83.04. The company had a trading volume of 15,566,318 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 £2.99 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30. The company’s 50 day moving average is GBX 79.69 and its 200 day moving average is GBX 90.41.

Analyst Upgrades and Downgrades

TW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating on the stock in a research report on Monday, May 11th. JPMorgan Chase & Co. reduced their price objective on shares of Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating for the company in a research note on Tuesday, June 16th. Berenberg Bank reduced their price objective on shares of Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group lowered their target price on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 109.

Insider Buying and Selling at Taylor Wimpey

In other news, insider Mark Castle purchased 1,999 shares of the stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of GBX 75 per share, with a total value of £1,499.25. Insiders bought 3,140 shares of company stock worth $239,880 in the last quarter. Corporate insiders own 0.87% of the company’s stock.

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.