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

Taylor Morrison Home Co. (NYSE:TMHC) Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $61.17 on Friday. The business has a 50-day simple moving average of $62.91 and a 200 day simple moving average of $66.29. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 7.39 and a beta of 2.03. 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.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. On average, research analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TMHC shares. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Seaport Res Ptn lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. dropped their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada raised their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.43.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Morse Asset Management Inc bought a new stake in shares of Taylor Morrison Home during the fourth quarter worth about $29,000. Harbor Capital Advisors Inc. acquired a new position in Taylor Morrison Home during the 3rd quarter valued at about $34,000. V Square Quantitative Management LLC increased its holdings in 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 in the last quarter. Quarry LP grew its holdings in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after buying an additional 471 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Taylor Morrison Home by 43.2% in the 4th 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 last quarter. 95.16% of the stock is owned by institutional investors.

About Taylor Morrison Home

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.