Taylor Wimpey (LON:TW) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of Taylor Wimpey plc (LON:TW) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 120.69 ($1.61) and traded as low as GBX 118.80 ($1.58). Taylor Wimpey shares last traded at GBX 119.10 ($1.58), with a volume of 19,752,912 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on TW. Jefferies Financial Group reiterated a “buy” rating and set a GBX 175 ($2.33) target price on shares of Taylor Wimpey in a research note on Monday, March 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 150 ($2.00) price objective on shares of Taylor Wimpey in a research note on Wednesday, April 30th.

Taylor Wimpey Stock Performance

The company’s fifty day simple moving average is GBX 112.02 and its 200 day simple moving average is GBX 120.69. The stock has a market capitalization of £4.22 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.04 and a beta of 1.81. The company has a current ratio of 5.08, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79.

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%. As a group, sell-side 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 disclosed a dividend, which was paid on Tuesday, April 8th. Stockholders of record on Monday, March 3rd were issued a dividend of GBX 4.66 ($0.06) per share. This represents a dividend yield of 4.05%. The ex-dividend date was Monday, March 3rd. Taylor Wimpey’s payout ratio is 145.88%.

Insider Buying and Selling

In other news, insider Chris Carney purchased 117,254 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of GBX 114 ($1.52) per share, with a total value of £133,669.56 ($177,823.01). Also, insider Jennie Daly acquired 44,679 shares of Taylor Wimpey stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of GBX 112 ($1.49) per share, for a total transaction of £50,040.48 ($66,569.75). 0.87% of the stock is owned by company insiders.

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.