Insider Buying: Taylor Wimpey (LON:TW) Insider Purchases £150.72 in Stock

Key Points

• Insider Jennie Daly bought 157 shares of Taylor Wimpey at GBX 96 on March 9 for £150.72, after selling 490,379 shares at GBX 101 on March 5 (~£495,283), with two prior small purchases of 139 shares at GBX 108 each.
• Taylor Wimpey traded down about 2.2% to GBX 96.24 on unusually heavy volume (34.1M vs. average 2.41M); the company has a market cap of £3.46bn and a PE of 14.04.
• The board announced a stock repurchase plan and analysts carry a consensus "Moderate Buy" with an average price target of GBX 125.33, implying potential upside from current levels.

Taylor Wimpey plc (LON:TW - Get Free Report) insider Jennie Daly acquired 157 shares of Taylor Wimpey stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of GBX 96 per share, for a total transaction of £150.72.

Jennie Daly also recently made the following trade(s):

• On Thursday, March 5th, Jennie Daly sold 490,379 shares of Taylor Wimpey stock. The shares were sold at an average price of GBX 101, for a total value of £495,282.79.
• On Monday, February 9th, Jennie Daly bought 139 shares of Taylor Wimpey stock. The stock was acquired at an average cost of GBX 108 per share, with a total value of £150.12.
• On Thursday, January 8th, Jennie Daly purchased 139 shares of Taylor Wimpey stock. The stock was acquired at an average price of GBX 108 per share, for a total transaction of £150.12.

Taylor Wimpey Trading Down 2.2%

TW traded down GBX 2.20 during trading hours on Tuesday, hitting GBX 96.24. The company's stock had a trading volume of 34,112,868 shares, compared to its average volume of 2,409,451. The firm has a market cap of £3.46 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 2.04 and a beta of 1.35. The firm has a 50 day moving average of GBX 108.94 and a 200-day moving average of GBX 104.37. 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 - Get Free Report) last released its quarterly earnings data 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%. On average, analysts forecast that Taylor Wimpey plc will post 9.8339265 earnings per share for the current year.

Taylor Wimpey announced that its Board of Directors has initiated a stock repurchase plan 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. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TW has been the subject of several recent research reports. Jefferies Financial Group dropped their price target on Taylor Wimpey from GBX 140 to GBX 132 and set a "buy" rating for the company in a research report on Monday, January 19th. JPMorgan Chase & Co. decreased 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. Citigroup dropped their target price on Taylor Wimpey from GBX 143 to GBX 137 and set a "buy" rating for the company in a report on Friday, January 16th. The Goldman Sachs Group initiated coverage on Taylor Wimpey in a research report on Monday, November 24th. They set a "neutral" rating and a GBX 109 target price on the stock. Finally, Stifel Nicolaus restated a "buy" rating and issued a GBX 120 price target on shares of Taylor Wimpey in a research report on Thursday, March 5th. Five 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, Taylor Wimpey has a consensus rating of "Moderate Buy" and an average price target of GBX 125.33.

Taylor Wimpey Company Profile

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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