Chris Carney Purchases 90,361 Shares of Taylor Wimpey (LON:TW) Stock

Taylor Wimpey plc (LON:TW) insider Chris Carney purchased 90,361 shares of Taylor Wimpey stock in a transaction that occurred on Wednesday, March 25th. The stock was purchased at an average price of GBX 86 per share, with a total value 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 shares were purchased at an average price of GBX 96 per share, for a total transaction of £150.72.
• 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 value 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 stock was bought at an average price of GBX 108 per share, with a total value of £151.20.

Taylor Wimpey Trading Up 4.0%

Shares of LON:TW opened at GBX 89.16 on Friday. The stock has a market capitalization of £3.21 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth 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. The stock’s 50-day moving average price is GBX 105.19 and its two-hundred day moving average price is GBX 103.86.

Taylor Wimpey (LON:TW) last posted its earnings results on Thursday, March 5th. The homebuilder reported GBX 8 earnings per share (EPS) for the quarter. Taylor Wimpey had a net margin of 2.61% and a return on equity of 2.40%. On average, sell-side analysts forecast that Taylor Wimpey plc will post 9.8339265 EPS for the current year.

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

Analysts Set New Price Targets

Several analysts recently weighed in on TW shares. Jefferies Financial Group decreased their target price on Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating for the company in a research note on Monday, January 19th. Berenberg Bank dropped their price target on Taylor Wimpey from GBX 128 to GBX 120 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Citigroup cut their price target on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating for the company in a report on Friday, January 16th. JPMorgan Chase & Co. reduced their price objective on Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 150 price objective on shares of Taylor Wimpey in a research note on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Taylor Wimpey has a consensus 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.