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

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

Taylor Wimpey Trading Up 1.0 %

Shares of TW stock opened at GBX 113.75 ($1.47) on Wednesday. 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 capitalization of £4.09 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The business’s 50-day moving average is GBX 115.04 and its 200 day moving average is GBX 132.43.

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

Taylor Wimpey Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on TW. JPMorgan Chase & Co. lowered Taylor Wimpey to a “neutral” rating and decreased their price target for the stock from GBX 170 ($2.20) to GBX 150 ($1.94) in a research report on Thursday, December 5th. Jefferies Financial Group restated a “buy” rating and set a GBX 175 ($2.27) target price on shares of Taylor Wimpey in a 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.