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

Taylor Wimpey plc (LON:TW - Get Free Report) insider Chris Carney acquired 90,361 shares of Taylor Wimpey stock in a transaction on Wednesday, March 25th. The shares were bought at an average cost 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 acquired 157 shares of Taylor Wimpey stock. The stock was bought 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 stock was sold at an average price of GBX 101, for a total transaction of £333,292.93.
• On Monday, February 9th, Chris Carney bought 138 shares of Taylor Wimpey stock. The shares were bought 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 stock was bought at an average cost of GBX 108 per share, for a total transaction of £151.20.

Taylor Wimpey Stock Down 3.3%

Shares of TW stock opened at GBX 85.72 on Thursday. 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. The stock's 50-day moving average is GBX 105.49 and its 200 day moving average is GBX 103.96. The company has a debt-to-equity ratio of 2.96, a current ratio of 4.96 and a quick ratio of 0.71.

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

Taylor Wimpey declared that its board has approved a share 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 usually an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

TW has been the topic of several recent research reports. Berenberg Bank lowered their target price on shares of Taylor Wimpey from GBX 128 to GBX 120 and set a "buy" rating on the stock in a report on Tuesday, March 10th. Citigroup reduced their price target on Taylor Wimpey from GBX 143 to GBX 137 and set a "buy" rating on the stock in a research report on Friday, January 16th. Stifel Nicolaus restated a "buy" rating and set a GBX 120 price objective on shares of Taylor Wimpey in a research note on Thursday, March 5th. JPMorgan Chase & Co. dropped their price objective on Taylor Wimpey from GBX 140 to GBX 120 and set a "neutral" rating for the company in a report on Thursday, December 4th. Finally, Jefferies Financial Group reduced their target price on Taylor Wimpey from GBX 140 to GBX 132 and set a "buy" rating on the stock in a report on Monday, January 19th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 124.44.

View Our Latest Analysis on TW

Taylor Wimpey Company Profile

(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.

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