Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon Sells 14,000 Shares

Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $32.05, for a total value of $448,700.00. Following the transaction, the director now owns 182,570 shares of the company’s stock, valued at approximately $5,851,368.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

TMHC opened at $31.46 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.99 and a current ratio of 7.19. The company has a market capitalization of $4.05 billion, a PE ratio of 19.42 and a beta of 1.81. The stock’s fifty day moving average is $29.27 and its 200-day moving average is $26.76. Taylor Morrison Home Co. has a one year low of $10.17 and a one year high of $32.68.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Tuesday, February 9th. The construction company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.10). Taylor Morrison Home had a return on equity of 13.00% and a net margin of 3.37%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted $1.06 earnings per share. Taylor Morrison Home’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts forecast that Taylor Morrison Home Co. will post 3.11 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Garnet Equity Capital Holdings Inc. grew its position in Taylor Morrison Home by 10.9% in the fourth quarter. Garnet Equity Capital Holdings Inc. now owns 232,815 shares of the construction company’s stock worth $5,972,000 after buying an additional 22,815 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Taylor Morrison Home by 0.4% during the third quarter. UBS Asset Management Americas Inc. now owns 166,287 shares of the construction company’s stock worth $4,089,000 after purchasing an additional 654 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Taylor Morrison Home by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 957,362 shares of the construction company’s stock valued at $24,557,000 after purchasing an additional 12,619 shares during the last quarter. California Public Employees Retirement System increased its stake in Taylor Morrison Home by 2.5% in the 4th quarter. California Public Employees Retirement System now owns 309,317 shares of the construction company’s stock worth $7,934,000 after purchasing an additional 7,614 shares in the last quarter. Finally, Public Sector Pension Investment Board acquired a new stake in Taylor Morrison Home during the 4th quarter worth about $548,000. Hedge funds and other institutional investors own 92.49% of the company’s stock.

A number of research firms have issued reports on TMHC. Susquehanna Bancshares raised their target price on Taylor Morrison Home from $37.00 to $43.00 and gave the company a “positive” rating in a research note on Thursday, February 11th. Barclays lifted their price objective on shares of Taylor Morrison Home from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, February 11th. Janney Montgomery Scott began coverage on shares of Taylor Morrison Home in a research report on Thursday, January 21st. They issued a “neutral” rating and a $30.00 target price for the company. Zacks Investment Research upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, February 16th. Finally, B. Riley raised their target price on Taylor Morrison Home from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, February 11th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $34.20.

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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties; offers title insurance and closing settlement services, as well as financial services.

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Insider Buying and Selling by Quarter for Taylor Morrison Home (NYSE:TMHC)

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