Taylor Wimpey (TW.)

Sector:

Household Goods

Index:

FTSE 100

159.30p
   
  • Change Today:
    -3.65p
  • 52 Week High: 192.25
  • 52 Week Low: 129.30
  • Currency: UK Pounds
  • Shares Issued: 3,279.82m
  • Volume: 2,406,474
  • Market Cap: £5,225m

Taylor Wimpey's profits dip as margins face pressure

By Duncan Ferris

Date: Wednesday 31 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Taylor Wimpey's shares dropped on Wednesday as the housebuilder reported a drop in interim profits due to higher costs and a fall in margins.
The FTSE 100 traded company reported profit before tax of £299.8m, down from £331.0m before exceptional items in the same period last year, as cost of sales increased by 4% to £1.3bn and operating profit margins fell from 20% to 18%.

The effects of rising costs have been felt across the construction industry as higher demand for building materials eats into profits.

However, revenue edged 1% higher to £1.7bn and volumes also increased, with the company having completed 6,541 homes in the first six months of the year, compared with 6,497 in the first half of 2018.

Despite the fall in profits, the company announced an interim dividend of 3.84 pence per share, up from 2.44p, and a 2020 special dividend of 11p set to be paid in July next year.

Taylor Wimpey maintained its full-year guidance for a slight increase in volumes, but acknowledged that margins will fall below the levels seen last year and said the business is being run "cautiously" against the backdrop of ongoing political and macro-uncertainty.

"We are well positioned with a strong order book and balance sheet and as a network of local businesses, most of our materials are UK-sourced. We have been working with our suppliers to understand and mitigate the risk in their supply chains from an uncertain Brexit outcome and utilising our internal logistics arm, Taylor Wimpey Logistics, which provides additional visibility, control and flexibility in managing our supply chain," said the company.

Taylor Wimpey's shares were down 5.68% at 166.53p at 0934 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Taylor Wimpey Market Data

Currency UK Pounds
Share Price 159.30p
Change Today -3.65p
% Change -2.24 %
52 Week High 192.25
52 Week Low 129.30
Volume 2,406,474
Shares Issued 3,279.82m
Market Cap £5,225m

Taylor Wimpey Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.20% above the market average71.20% above the market average71.20% above the market average71.20% above the market average71.20% above the market average
25.93% above the sector average25.93% above the sector average25.93% above the sector average25.93% above the sector average25.93% above the sector average
Price Trend
28.54% below the market average28.54% below the market average28.54% below the market average28.54% below the market average28.54% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Income
96.48% above the market average96.48% above the market average96.48% above the market average96.48% above the market average96.48% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
13.9% below the market average13.9% below the market average13.9% below the market average13.9% below the market average13.9% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

What The Brokers Say

Strong Buy 10
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Taylor Wimpey Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Oct-19 04-Apr-19
Paid 08-Nov-19 17-May-19
Amount 3.84p 3.80p

Trades for 17-Sep-2019

Time Volume / Share Price
11:53 2,123 @ 159.30p
11:53 1,357 @ 159.30p
11:53 1,010 @ 159.30p
11:53 989 @ 159.35p
11:53 2 @ 159.35p

Taylor Wimpey Key Personnel

CEO Pete Redfern
Chair Kevin S Beeston

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