Joseph Terracciano Sells 1,537 Shares of Taylor Morrison Home Co. (NYSE:TMHC) Stock

Taylor Morrison Home Co. (NYSE:TMHC) CAO Joseph Terracciano sold 1,537 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $57.99 on Friday. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. The company has a market cap of $5.90 billion, a P/E ratio of 7.00 and a beta of 2.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The stock’s 50-day simple moving average is $62.87 and its 200 day simple moving average is $66.13.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results 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, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Institutional Trading of Taylor Morrison Home

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in shares of Taylor Morrison Home by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock worth $202,000 after purchasing an additional 173 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Taylor Morrison Home by 1.2% during the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock worth $944,000 after purchasing an additional 180 shares during the period. Captrust Financial Advisors increased its position in Taylor Morrison Home by 2.9% during the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock worth $586,000 after buying an additional 234 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in 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. Finally, Smartleaf Asset Management LLC lifted its position in shares of Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after buying an additional 243 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of research reports. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Royal Bank of Canada increased their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company 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.