Taylor Morrison Home Co. (NYSE:TMHC) Director Sells $1,808,186.64 in Stock

Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the sale, the director now owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Taylor Morrison Home Stock Down 0.2 %

NYSE TMHC traded down $0.12 during trading on Wednesday, hitting $74.01. The stock had a trading volume of 513,210 shares, compared to its average volume of 798,238. The company has a market capitalization of $7.66 billion, a PE ratio of 9.80 and a beta of 1.96. Taylor Morrison Home Co. has a 12 month low of $44.32 and a 12 month high of $75.49. The company’s 50-day moving average price is $69.65 and its two-hundred day moving average price is $63.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 earnings per share. As a group, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TMHC. State Street Corp lifted its stake in Taylor Morrison Home by 2.8% in the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock valued at $350,455,000 after purchasing an additional 136,432 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Taylor Morrison Home by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after acquiring an additional 69,222 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Taylor Morrison Home by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after acquiring an additional 282,227 shares during the last quarter. Fisher Asset Management LLC raised its stake in Taylor Morrison Home by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company’s stock valued at $80,938,000 after acquiring an additional 28,166 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Taylor Morrison Home by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock valued at $59,125,000 after purchasing an additional 4,638 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TMHC has been the topic of a number of recent analyst reports. Raymond James restated an “outperform” rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. BTIG Research upped their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays boosted their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.33.

Taylor Morrison Home Company Profile

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.