Taylor Morrison Home Co. (NYSE:TMHC) Director Sells $654,126.00 in Stock

Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the sale, the director now directly owns 2,136,241 shares of the company’s stock, valued at approximately $153,980,251.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $73.34 on Monday. The stock has a market capitalization of $7.59 billion, a PE ratio of 9.70 and a beta of 1.96. The stock has a 50-day simple moving average of $68.44 and a 200 day simple moving average of $62.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. Taylor Morrison Home Co. has a twelve month low of $41.99 and a twelve month high of $73.74.

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

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Raymond James restated an “outperform” rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Barclays raised their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.33.

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.