Taylor Wimpey (LON:TW) Insider Chris Carney Buys 90,361 Shares of Stock

Taylor Wimpey plc (LON:TW) insider Chris Carney acquired 90,361 shares of the firm’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 £77,710.46.

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

• On Monday, March 9th, Chris Carney bought 157 shares of Taylor Wimpey stock. The stock was purchased at an average cost of GBX 96 per share, for a total transaction of £150.72.
• 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 value of £333,292.93.
• On Monday, February 9th, Chris Carney purchased 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 purchased 140 shares of Taylor Wimpey stock. The shares were acquired at an average cost of GBX 108 per share, with a total value of £151.20.

Taylor Wimpey Stock Down 3.3%

LON TW opened at GBX 85.72 on Thursday. The firm has a 50-day simple moving average of GBX 105.49 and a 200 day simple moving average of GBX 103.96. The company has a quick ratio of 0.71, a current ratio of 4.96 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of £3.08 billion, a P/E ratio of 12.51, a PEG ratio of 2.04 and a beta of 1.35.

Taylor Wimpey (LON:TW) last announced its earnings results 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 expect that Taylor Wimpey plc will post 9.8339265 EPS for the current year.

Taylor Wimpey announced that its Board of Directors 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 repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

TW has been the topic of a number of recent research reports. Jefferies Financial Group lowered their target price on Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating on the stock in a research report on Monday, January 19th. Berenberg Bank reduced their price target on Taylor Wimpey from GBX 128 to GBX 120 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 150 price target on shares of Taylor Wimpey in a research report on Friday, January 16th. Citigroup dropped their price objective 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. Finally, Stifel Nicolaus restated a “buy” rating and set a GBX 120 target price on shares of Taylor Wimpey in a report on Thursday, March 5th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.