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

Taylor Wimpey plc (LON:TW) insider Chris Carney acquired 117,254 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average cost of GBX 114 ($1.47) per share, with a total value of £133,669.56 ($172,722.01).

Taylor Wimpey Price Performance

Shares of Taylor Wimpey stock traded up GBX 1.10 ($0.01) on Tuesday, hitting GBX 113.75 ($1.47). 16,325,425 shares of the company’s stock traded hands, compared to its average volume of 2,409,451. The firm has a 50 day moving average price of GBX 114.95 and a 200-day moving average price of GBX 132.75. The company has a quick ratio of 0.71, a current ratio of 5.08 and a debt-to-equity ratio of 2.79. The company 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.

Taylor Wimpey (LON:TW) last released 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 return on equity of 5.50% and a net margin of 7.25%. On average, analysts forecast that Taylor Wimpey plc will post 9.8339265 earnings per share 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 issued a GBX 4.66 ($0.06) dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a dividend yield of 4.05%. Taylor Wimpey’s dividend payout ratio (DPR) is currently 145.88%.

Analysts Set New Price Targets

TW has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 175 ($2.26) target price on shares of Taylor Wimpey in a report on Monday, March 3rd. JPMorgan Chase & Co. lowered shares of Taylor Wimpey to a “neutral” rating and lowered their price target for the company from GBX 170 ($2.20) to GBX 150 ($1.94) in a report on Thursday, December 5th.

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.