Insider Buying: Taylor Wimpey (LON:TW) Insider Acquires £77,710.46 in Stock

Taylor Wimpey plc (LON:TW) insider Chris Carney purchased 90,361 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were bought at an average price of GBX 86 per share, for a total transaction of £77,710.46.

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

• On Monday, March 9th, Chris Carney purchased 157 shares of Taylor Wimpey stock. The stock was bought at an average price of GBX 96 per share, with a total value 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 acquired 138 shares of Taylor Wimpey stock. The shares were purchased 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 purchased at an average cost of GBX 108 per share, for a total transaction of £151.20.

Taylor Wimpey Trading Down 1.7%

Shares of TW opened at GBX 86.64 on Friday. The company has a fifty day moving average price of GBX 104.88 and a two-hundred day moving average price of GBX 103.78. The stock has a market capitalization of £3.11 billion, a P/E ratio of 12.64, a P/E/G ratio of 2.04 and a beta of 1.35. The company has a current ratio of 4.96, a quick ratio of 0.71 and a debt-to-equity ratio of 2.96.

Taylor Wimpey (LON:TW) last released its quarterly 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%. Analysts predict 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 initiated a stock buyback program on Thursday, March 5th that permits the company to repurchase 0 shares. This repurchase authorization permits the homebuilder to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 120 target price on shares of Taylor Wimpey in a research note on Thursday, March 5th. Citigroup decreased their price target on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating for the company in a research note on Friday, January 16th. 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, March 10th. JPMorgan Chase & Co. cut their price objective on Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating on the stock in a research 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 research note on Monday, January 19th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.