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

Taylor Wimpey plc (LON:TW) insider Chris Carney bought 117,254 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were bought at an average cost of GBX 114 ($1.47) per share, for a total transaction of £133,669.56 ($172,099.34).

Taylor Wimpey Stock Performance

Taylor Wimpey stock opened at GBX 114.05 ($1.47) on Thursday. The business has a 50 day simple moving average of GBX 115.14 and a two-hundred day simple moving average of GBX 132.30. The company has a current ratio of 5.08, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79. The firm has a market capitalization of £4.10 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 2.04 and a beta of 1.81.

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

Taylor Wimpey Cuts Dividend

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

Analysts Set New Price Targets

TW has been the subject of several research reports. JPMorgan Chase & Co. cut Taylor Wimpey to a “neutral” rating and reduced their target price for the stock from GBX 170 ($2.19) to GBX 150 ($1.93) in a research report on Thursday, December 5th. Jefferies Financial Group restated a “buy” rating and issued a GBX 175 ($2.25) price target on shares of Taylor Wimpey in a research report on Monday, March 3rd.

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.