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 the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the sale, the director now owns 2,045,316 shares in the company, valued at $152,294,229.36. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Taylor Morrison Home Trading Down 0.2 %

TMHC stock opened at $74.01 on Friday. Taylor Morrison Home Co. has a 52 week low of $44.32 and a 52 week high of $75.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The company’s 50-day simple moving average is $69.78 and its 200 day simple moving average is $64.01. The company has a market capitalization of $7.66 billion, a PE ratio of 9.79 and a beta of 1.96.

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

Hedge Funds Weigh In On Taylor Morrison Home

Several hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home during the third quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home in the 2nd quarter valued at $31,000. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $34,000. UMB Bank n.a. raised its holdings in shares of Taylor Morrison Home by 263.9% during the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after buying an additional 388 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in shares of Taylor Morrison Home during the 3rd quarter worth $62,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. 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 report on Thursday, October 24th. Barclays lifted their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.