William H. Lyon Sells 1,741 Shares of Taylor Morrison Home Co. (NYSE:TMHC) Stock

Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the sale, the director now directly owns 2,195,316 shares in the company, valued at $149,347,347.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Taylor Morrison Home Stock Performance

TMHC traded up $0.48 during mid-day trading on Monday, reaching $67.77. 672,461 shares of the company traded hands, compared to its average volume of 783,100. The stock has a market capitalization of $7.17 billion, a P/E ratio of 9.70 and a beta of 1.95. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average price is $57.92 and its 200-day moving average price is $56.93. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $68.92.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 EPS. On average, sell-side analysts expect that Taylor Morrison Home Co. will post 7.64 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TMHC. Wedbush restated a “neutral” rating and issued a $65.00 price objective (up from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Barclays boosted their price objective on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday. Raymond James began coverage on shares of Taylor Morrison Home in a report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price objective for the company. Finally, Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $68.60.

Institutional Investors Weigh In On Taylor Morrison Home

A number of hedge funds have recently added to or reduced their stakes in TMHC. SummerHaven Investment Management LLC increased its stake in shares of Taylor Morrison Home by 1.5% in the 4th quarter. SummerHaven Investment Management LLC now owns 14,383 shares of the construction company’s stock worth $767,000 after purchasing an additional 213 shares in the last quarter. TCW Group Inc. increased its stake in shares of Taylor Morrison Home by 0.4% in the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock worth $2,894,000 after purchasing an additional 213 shares in the last quarter. Meritage Portfolio Management increased its stake in shares of Taylor Morrison Home by 2.1% in the 4th quarter. Meritage Portfolio Management now owns 10,885 shares of the construction company’s stock worth $581,000 after purchasing an additional 229 shares in the last quarter. CWM LLC increased its stake in shares of Taylor Morrison Home by 17.2% in the 4th quarter. CWM LLC now owns 1,804 shares of the construction company’s stock worth $96,000 after purchasing an additional 265 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its stake in shares of Taylor Morrison Home by 3.6% in the 4th quarter. Resonant Capital Advisors LLC now owns 8,135 shares of the construction company’s stock worth $434,000 after purchasing an additional 285 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.