Chris Carney Purchases 157 Shares of Taylor Wimpey (LON:TW) Stock

Key Points

• Insider activity: Chris Carney purchased 157 shares on March 9 at GBX 96 (£150.72) but had previously sold a large block of 329,993 shares on March 5 at GBX 101 (~£333,293), indicating a significant insider sale alongside small purchases.
• Market action: Taylor Wimpey shares fell about 2.2% to GBX 96.24 on unusually heavy volume (34.1M vs. average 2.4M), trading below both its 50-day (GBX 108.94) and 200-day (GBX 104.37) moving averages.
• Outlook and corporate moves: The board has initiated a stock buyback program to repurchase shares via open-market purchases, while analysts hold a consensus “Moderate Buy” rating with an average target of GBX 125.33.

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

Taylor Wimpey Trading Down 2.2%

Taylor Wimpey stock traded down GBX 2.20 during midday trading on Tuesday, hitting GBX 96.24. The stock had a trading volume of 34,112,868 shares, compared to its average volume of 2,409,451. The business's 50 day moving average is GBX 108.94 and its two-hundred day moving average is GBX 104.37. The company has a market capitalization of £3.46 billion, a PE ratio of 14.04, a P/E/G ratio of 2.04 and a beta of 1.35. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.71 and a current ratio of 4.96.

Taylor Wimpey (LON:TW - Get Free Report) last released its earnings results 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%. On average, equities analysts anticipate that Taylor Wimpey plc will post 9.8339265 EPS for the current fiscal year.

Taylor Wimpey declared that its Board of Directors has initiated a stock buyback program on Thursday, March 5th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the homebuilder to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have weighed in on TW. Jefferies Financial Group lowered their target price on shares of Taylor Wimpey from GBX 140 to GBX 132 and set a "buy" rating for the company in a research note on Monday, January 19th. The Goldman Sachs Group began coverage on shares of Taylor Wimpey in a report on Monday, November 24th. They issued a "neutral" rating and a GBX 109 price target for the company. Berenberg Bank reiterated a "buy" rating and set a GBX 128 price objective on shares of Taylor Wimpey in a research note on Thursday, January 15th. Stifel Nicolaus reissued a "buy" rating and issued a GBX 120 target price on shares of Taylor Wimpey in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. decreased their target price on 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 research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Taylor Wimpey has an average rating of "Moderate Buy" and a consensus price target of GBX 125.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.