Key Points
- Insider sale: Taylor Wimpey insider Chris Carney sold 329,993 shares on March 5 at an average price of GBX 101 for a total of £333,292.93.
- Share performance and valuation: The stock opened at GBX 98.44 and was down 2.1%, trading below its 50‑day MA (GBX 108.94) with a market cap of ~£3.54bn and a P/E of 14.36.
- Results, buyback and analyst view: Taylor Wimpey reported quarterly EPS of GBX 8 and the board approved a stock repurchase plan (report lists authorization as 0 shares); analysts have an average rating of "Moderate Buy" with an average target of GBX 125.33.
Taylor Wimpey plc (LON:TW - Get Free Report) insider Chris Carney sold 329,993 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of GBX 101, for a total transaction of £333,292.93.
Chris Carney also recently made the following trade(s):
- On Monday, February 9th, Chris Carney acquired 138 shares of Taylor Wimpey stock. The stock was purchased 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 purchased at an average price of GBX 108 per share, with a total value of £151.20.
Taylor Wimpey Stock Down 2.1%
LON TW opened at GBX 98.44 on Tuesday. The stock's 50 day moving average price is GBX 108.94 and its 200 day moving average price is GBX 104.37. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.71 and a current ratio of 4.96. The company has a market cap of £3.54 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.04 and a beta of 1.35.
Taylor Wimpey (LON:TW - Get Free Report) last announced its earnings results on Thursday, March 5th. The homebuilder reported GBX 8 earnings per share for the quarter. Taylor Wimpey had a net margin of 2.61% and a return on equity of 2.40%. On average, equities research analysts anticipate that Taylor Wimpey plc will post 9.8339265 earnings per share for the current fiscal year.
Taylor Wimpey announced that its Board of Directors has approved a stock repurchase plan on Thursday, March 5th that allows the company to buyback 0 shares. This buyback authorization allows the homebuilder to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. Berenberg Bank reaffirmed a "buy" rating and set a GBX 128 target price on shares of Taylor Wimpey in a research report on Thursday, January 15th. Citigroup lowered their price target on Taylor Wimpey from GBX 143 to GBX 137 and set a "buy" rating for the company in a report on Friday, January 16th. Jefferies Financial Group cut their price objective on shares of Taylor Wimpey from GBX 140 to GBX 132 and set a "buy" rating on the stock in a report on Monday, January 19th. Stifel Nicolaus reaffirmed a "buy" rating and issued a GBX 120 price objective on shares of Taylor Wimpey in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Taylor Wimpey from GBX 140 to GBX 120 and set a "neutral" rating for the company in a research note on Thursday, December 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of GBX 125.33.
Check Out Our Latest Research Report on Taylor Wimpey
About Taylor Wimpey
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
