Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report) Director William H. Lyon sold 153,000 shares of the company's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $62.32, for a total value of $9,534,960.00. Following the completion of the sale, the director now owns 40,570 shares of the company's stock, valued at approximately $2,528,322.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Taylor Morrison Home Stock Up 1.4 %
NYSE:TMHC opened at $62.17 on Friday. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 8.91 and a beta of 1.87. Taylor Morrison Home Co. has a 1-year low of $36.15 and a 1-year high of $62.64. The company has a current ratio of 6.00, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The business's fifty day moving average price is $56.05 and its 200 day moving average price is $49.41.
Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.23. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.85 billion. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. Taylor Morrison Home's quarterly revenue was down 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.93 earnings per share. On average, sell-side analysts forecast that Taylor Morrison Home Co. will post 7.34 earnings per share for the current fiscal year.
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Several analysts have recently weighed in on TMHC shares. Seaport Res Ptn lowered Taylor Morrison Home from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. Deutsche Bank Aktiengesellschaft raised Taylor Morrison Home from a "hold" rating to a "buy" rating and upped their target price for the company from $50.00 to $57.00 in a report on Friday, December 8th. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Thursday, March 21st. Wedbush reaffirmed a "neutral" rating and set a $52.00 target price on shares of Taylor Morrison Home in a report on Monday, December 18th. Finally, Royal Bank of Canada upped their target price on Taylor Morrison Home from $57.00 to $61.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $57.20.
Get Our Latest Analysis on Taylor Morrison Home
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new position in Taylor Morrison Home in the 4th quarter worth about $27,000. IFP Advisors Inc increased its holdings in shares of Taylor Morrison Home by 138.9% during the 3rd quarter. IFP Advisors Inc now owns 614 shares of the construction company's stock valued at $26,000 after acquiring an additional 357 shares during the last quarter. Private Wealth Management Group LLC acquired a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $39,000. Daiwa Securities Group Inc. acquired a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $48,000. Finally, Ronald Blue Trust Inc. increased its holdings in shares of Taylor Morrison Home by 3,911.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,083 shares of the construction company's stock valued at $46,000 after acquiring an additional 1,056 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.
Taylor Morrison Home Company Profile
(
Get Free Report)
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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.
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