Taylor Wimpey plc (LON:TW) Insider Chris Carney Purchases 117,254 Shares

Taylor Wimpey plc (LON:TW) insider Chris Carney purchased 117,254 shares of Taylor Wimpey stock in a transaction on Tuesday, March 25th. The stock was bought at an average cost of GBX 114 ($1.48) per share, with a total value of £133,669.56 ($173,057.43).

Taylor Wimpey Stock Performance

LON TW opened at GBX 113.75 ($1.47) on Wednesday. The business’s fifty day simple moving average is GBX 115.04 and its 200-day simple moving average is GBX 132.43. The firm has a market cap of £4.09 billion, a PE ratio of 16.59, a PEG ratio of 2.04 and a beta of 1.81. The company has a quick ratio of 0.71, a current ratio of 5.08 and a debt-to-equity ratio of 2.79.

Taylor Wimpey (LON:TW) last released its earnings results on Thursday, February 27th. The homebuilder reported GBX 8.40 ($0.11) EPS for the quarter. Taylor Wimpey had a net margin of 7.25% and a return on equity of 5.50%. As a group, equities research analysts forecast that Taylor Wimpey plc will post 9.8339265 EPS for the current fiscal year.

Taylor Wimpey Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Monday, March 3rd will be paid a dividend of GBX 4.66 ($0.06) per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a yield of 4.05%. Taylor Wimpey’s dividend payout ratio is currently 145.88%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TW shares. JPMorgan Chase & Co. lowered Taylor Wimpey to a “neutral” rating and reduced their target price for the stock from GBX 170 ($2.20) to GBX 150 ($1.94) in a report on Thursday, December 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 175 ($2.27) price objective on shares of Taylor Wimpey in a report on Monday, March 3rd.

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.