Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon Sells 28,259 Shares

Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 28,259 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the sale, the director now directly owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC traded up $0.48 during trading on Monday, hitting $67.77. 672,461 shares of the company’s stock were exchanged, compared to its average volume of 783,100. The business’s 50-day simple moving average is $57.92 and its 200 day simple moving average is $56.93. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 9.63 and a beta of 1.95. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $68.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $1.74 EPS. As a group, equities analysts predict that Taylor Morrison Home Co. will post 7.64 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on TMHC. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday. Wedbush restated a “neutral” rating and issued a $65.00 price target (up previously from $61.00) on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Raymond James initiated coverage on Taylor Morrison Home in a research note on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective for the company. Finally, Barclays raised their target price on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $68.60.

Institutional Trading of Taylor Morrison Home

Institutional investors and hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC grew its position in shares of Taylor Morrison Home by 49.4% during the second quarter. Innealta Capital LLC now owns 5,540 shares of the construction company’s stock valued at $307,000 after purchasing an additional 1,831 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Taylor Morrison Home by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,438 shares of the construction company’s stock valued at $1,466,000 after buying an additional 2,064 shares during the last quarter. Burney Co. grew its holdings in Taylor Morrison Home by 4.0% during the 2nd quarter. Burney Co. now owns 281,015 shares of the construction company’s stock valued at $15,579,000 after buying an additional 10,853 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Taylor Morrison Home by 18.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock valued at $43,590,000 after buying an additional 122,864 shares in the last quarter. Finally, Bailard Inc. increased its stake in Taylor Morrison Home by 49.4% in the 2nd quarter. Bailard Inc. now owns 11,800 shares of the construction company’s stock worth $654,000 after acquiring an additional 3,900 shares during the last quarter. 95.16% of the stock is currently 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.