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.
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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