Pete Redfern Sells 96,134 Shares of Taylor Wimpey plc (LON:TW) Stock

Taylor Wimpey plc (LON:TW) insider Pete Redfern sold 96,134 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of GBX 175 ($2.29), for a total transaction of £168,234.50 ($219,828.17).

Pete Redfern also recently made the following trade(s):

  • On Friday, March 8th, Pete Redfern acquired 84 shares of Taylor Wimpey stock. The stock was bought at an average price of GBX 180 ($2.35) per share, for a total transaction of £151.20 ($197.57).
  • On Wednesday, February 27th, Pete Redfern sold 209,374 shares of Taylor Wimpey stock. The stock was sold at an average price of GBX 176 ($2.30), for a total transaction of £368,498.24 ($481,508.22).

Shares of LON TW traded up GBX 1.40 ($0.02) during trading on Friday, reaching GBX 190.05 ($2.48). The stock had a trading volume of 8,027,971 shares, compared to its average volume of 16,200,000. Taylor Wimpey plc has a fifty-two week low of GBX 127.80 ($1.67) and a fifty-two week high of GBX 206.20 ($2.69). The company has a current ratio of 4.22, a quick ratio of 0.73 and a debt-to-equity ratio of 3.64. The stock has a market capitalization of $6.21 billion and a PE ratio of 9.50.

The firm also recently declared a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 6th will be issued a dividend of GBX 10.70 ($0.14) per share. This represents a yield of 6.25%. This is an increase from Taylor Wimpey’s previous dividend of $3.80. The ex-dividend date of this dividend is Thursday, June 6th. Taylor Wimpey’s payout ratio is 0.40%.

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Taylor Wimpey from GBX 220 ($2.87) to GBX 200 ($2.61) and set a “neutral” rating on the stock in a research report on Monday, January 14th. Liberum Capital upped their price objective on Taylor Wimpey from GBX 130 ($1.70) to GBX 150 ($1.96) and gave the stock a “hold” rating in a report on Monday, February 11th. Canaccord Genuity upped their price objective on Taylor Wimpey from GBX 180 ($2.35) to GBX 187 ($2.44) and gave the stock a “buy” rating in a report on Thursday, February 28th. Shore Capital reaffirmed a “buy” rating on shares of Taylor Wimpey in a report on Wednesday, February 27th. Finally, HSBC upped their price objective on Taylor Wimpey from GBX 200 ($2.61) to GBX 230 ($3.01) and gave the stock a “buy” rating in a report on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 188.42 ($2.46).

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Taylor Wimpey Company Profile

Taylor Wimpey plc operates a residential developer in the United Kingdom and Spain. The company builds various homes, including one- and two-bedroom apartments to six-bedroom detached houses. Taylor Wimpey plc was founded in 1880 and is headquartered in High Wycombe, the United Kingdom.

Read More: Book Value Per Share – BVPS

Insider Buying and Selling by Quarter for Taylor Wimpey (LON:TW)

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