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

Taylor Wimpey plc (LON:TW) insider Chris Carney purchased 117,254 shares of Taylor Wimpey stock in a transaction on Tuesday, March 25th. The shares were acquired at an average price of GBX 114 ($1.47) per share, with a total value of £133,669.56 ($172,099.34).

Taylor Wimpey Stock Performance

LON TW opened at GBX 114.05 ($1.47) on Thursday. 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 company has a market capitalization of £4.10 billion, a PE ratio of 16.64, a P/E/G ratio of 2.04 and a beta of 1.81. The firm has a 50-day moving average of GBX 115.14 and a two-hundred day moving average of GBX 132.30.

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 for the quarter. Taylor Wimpey had a net margin of 7.25% and a return on equity of 5.50%. On average, research analysts forecast 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. Investors of record on Monday, March 3rd will be issued a dividend of GBX 4.66 ($0.06) per share. 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 is 145.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Taylor Wimpey to a “neutral” rating and cut 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 objective 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.