Taylor Morrison Home Co. (NYSE:TMHC) Director David C. Merritt Sells 2,402 Shares

Taylor Morrison Home Co. (NYSE:TMHC) Director David C. Merritt sold 2,402 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $61.17 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49. The company’s fifty day moving average price is $62.91 and its 200 day moving average price is $66.29. The company has a market capitalization of $6.33 billion, a PE ratio of 7.39 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Institutional Investors Weigh In On Taylor Morrison Home

Hedge funds have recently modified their holdings of the business. Morse Asset Management Inc acquired a new position in Taylor Morrison Home during the 4th quarter valued at $29,000. Harbor Capital Advisors Inc. acquired a new stake in Taylor Morrison Home in the 3rd quarter worth $34,000. V Square Quantitative Management LLC increased its holdings in shares of Taylor Morrison Home by 68.1% during the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after purchasing an additional 277 shares during the period. Quarry LP raised its position in shares of Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock valued at $43,000 after buying an additional 471 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after buying an additional 243 shares during the period. 95.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Seaport Res Ptn lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Finally, StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and an average target price of $82.43.

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.