Taylor Wimpey (LON:TW) Shares Cross Below 200-Day Moving Average - Here's What Happened

Taylor Wimpey plc (LON:TW - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 118.62 ($1.61) and traded as low as GBX 116.33 ($1.57). Taylor Wimpey shares last traded at GBX 118.60 ($1.60), with a volume of 13,713,038 shares.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TW. Berenberg Bank reissued a "buy" rating and issued a GBX 150 ($2.03) price target on shares of Taylor Wimpey in a report on Wednesday, April 30th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 175 ($2.37) price target on shares of Taylor Wimpey in a report on Monday, March 3rd.

Taylor Wimpey Stock Performance

The company has a debt-to-equity ratio of 2.79, a current ratio of 5.08 and a quick ratio of 0.71. The firm has a market cap of £4.23 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 2.04 and a beta of 1.81. The firm has a fifty day simple moving average of GBX 113.22 and a two-hundred day simple moving average of GBX 117.91.

Taylor Wimpey (LON:TW - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The homebuilder reported GBX 8.40 ($0.11) earnings per share for the quarter. Taylor Wimpey had a return on equity of 5.50% and a net margin of 7.25%. On average, analysts expect that Taylor Wimpey plc will post 9.8339265 EPS for the current year.

Taylor Wimpey Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 8th. Investors of record on Monday, March 3rd were issued a dividend of GBX 4.66 ($0.06) per share. This represents a dividend yield of 4.05%. The ex-dividend date was Monday, March 3rd. Taylor Wimpey's dividend payout ratio (DPR) is 145.88%.

Insider Buying and Selling

In related news, insider Jennie Daly purchased 44,679 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of GBX 112 ($1.52) per share, with a total value of £50,040.48 ($67,713.78). Also, insider Chris Carney purchased 117,254 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was bought at an average cost of GBX 114 ($1.54) per share, with a total value of £133,669.56 ($180,878.97). Corporate insiders own 0.87% of the company's stock.

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.