Taylor Wimpey (LON:TW) Insider Chris Carney Buys 157 Shares

Taylor Wimpey plc (LON:TW) insider Chris Carney purchased 157 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average cost 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 stock was sold at an average price of GBX 101, for a total value of £333,292.93.
• On Monday, February 9th, Chris Carney bought 138 shares of Taylor Wimpey stock. The shares were acquired at an average price of GBX 108 per share, for a total transaction of £149.04.
• On Thursday, January 8th, Chris Carney bought 140 shares of Taylor Wimpey stock. The stock was acquired at an average price of GBX 108 per share, with a total value of £151.20.

Taylor Wimpey Stock Down 2.2%

Taylor Wimpey stock opened at GBX 96.24 on Wednesday. The firm has a 50-day simple moving average of GBX 108.77 and a 200-day simple moving average of GBX 104.35. 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 PE ratio of 14.04, a price-to-earnings-growth ratio of 2.04 and a beta of 1.35.

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

Taylor Wimpey declared that its Board of Directors has initiated a share buyback program on Thursday, March 5th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the homebuilder to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TW has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 150 price objective on shares of Taylor Wimpey in a research report on Friday, January 16th. The Goldman Sachs Group initiated coverage on Taylor Wimpey in a research report on Monday, November 24th. They set a “neutral” rating and a GBX 109 target price for the company. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 120 price target on shares of Taylor Wimpey in a report on Thursday, March 5th. Finally, Berenberg Bank dropped their price objective on Taylor Wimpey from GBX 128 to GBX 120 and set a “buy” rating for the company in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Taylor Wimpey has an average rating of “Moderate Buy” and an average price target of GBX 124.44.

Taylor Wimpey News Summary

Here are the key news stories impacting Taylor Wimpey this week:

• Positive Sentiment: Two insiders (Chris Carney and Jennie Daly) made small open-market purchases (157 shares each at GBX 96 on 9 Mar), which can be read as a modest signal of confidence from management. Insider Trades
• Neutral Sentiment: A retail piece notes how a hypothetical £7,500 holding in Taylor Wimpey performed over 18 months — useful for retail investor sentiment but not material company news. MSN Article
• Negative Sentiment: Berenberg cut its price target on Taylor Wimpey from GBX 128 to GBX 120 (but kept a “buy” rating). A lower target from a well-known broker can weigh on sentiment and act as a catalyst for downside pressure. Digital Look
• Negative Sentiment: Large insider selling: Chris Carney sold 329,993 shares on 5 Mar (avg GBX 101) for ~£333k. The scale of that sale is likely a primary negative driver for the share-price drop despite subsequent small purchases. Sale Report

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.