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

Key Points

• Insider activity: Chris Carney bought 90,361 shares at GBX 86 on March 25 for £77,710.46, after selling 329,993 shares at GBX 101 on March 5.
• Market action: Taylor Wimpey traded up to GBX 88.62 on Wednesday on very heavy volume (35,247,296 vs. average 2,409,451), with a market cap of £3.19bn and a P/E of 12.93.
• Analysts & buyback: The stock has a consensus "Moderate Buy" with an average target of GBX 124.44, and the board announced a stock buyback program (the report unusually lists "0 shares" authorized).

Taylor Wimpey plc (LON:TW - Get Free Report) insider Chris Carney purchased 90,361 shares of the business's stock in a transaction dated Wednesday, March 25th. The shares were acquired 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 acquired 157 shares of Taylor Wimpey stock. The stock was acquired at an average cost 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 bought 138 shares of Taylor Wimpey stock. The shares were acquired at an average cost 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 shares were acquired at an average cost of GBX 108 per share, for a total transaction of £151.20.

Taylor Wimpey Trading Up 1.2%

LON TW traded up GBX 1.02 during trading on Wednesday, hitting GBX 88.62. 35,247,296 shares of the company traded hands, compared to its average volume of 2,409,451. The business's 50 day simple moving average is GBX 105.92 and its two-hundred day simple moving average is GBX 104.09. The company has a market cap of £3.19 billion, a P/E ratio of 12.93, 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 current ratio of 4.96 and a quick ratio of 0.71.

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

Taylor Wimpey announced that its board has authorized a stock buyback program on Thursday, March 5th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the homebuilder to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on TW. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 150 price target on shares of Taylor Wimpey in a report on Friday, January 16th. JPMorgan Chase & Co. reduced their price objective 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. Jefferies Financial Group decreased their price objective on shares of Taylor Wimpey from GBX 140 to GBX 132 and set a "buy" rating for the company in a report on Monday, January 19th. Stifel Nicolaus reiterated a "buy" rating and issued a GBX 120 target price on shares of Taylor Wimpey in a research note on Thursday, March 5th. Finally, Berenberg Bank dropped 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. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.

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