William H. Lyon Sells 164,000 Shares of Taylor Morrison Home Co. (NYSE:TMHC) Stock

Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 164,000 shares of Taylor Morrison Home stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $60.33, for a total value of $9,894,120.00. Following the completion of the sale, the director now directly owns 43,570 shares of the company’s stock, valued at approximately $2,628,578.10. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $61.31 on Thursday. The company has a market capitalization of $6.53 billion, a PE ratio of 8.78 and a beta of 1.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 6.00. The business’s fifty day moving average is $55.71 and its 200 day moving average is $49.21. Taylor Morrison Home Co. has a fifty-two week low of $36.15 and a fifty-two week high of $61.41.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.23. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.85 billion. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. Taylor Morrison Home’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.93 earnings per share. Sell-side analysts predict that Taylor Morrison Home Co. will post 7.34 earnings per share for the current year.

Hedge Funds Weigh In On Taylor Morrison Home

Several institutional investors and hedge funds have recently bought and sold shares of TMHC. BlackRock Inc. lifted its position in Taylor Morrison Home by 14.6% during the second quarter. BlackRock Inc. now owns 16,885,291 shares of the construction company’s stock valued at $823,496,000 after purchasing an additional 2,146,779 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Taylor Morrison Home by 117.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,180,341 shares of the construction company’s stock valued at $135,514,000 after acquiring an additional 1,714,897 shares in the last quarter. Norges Bank purchased a new position in shares of Taylor Morrison Home in the fourth quarter valued at about $63,137,000. Balyasny Asset Management L.P. purchased a new position in shares of Taylor Morrison Home in the first quarter valued at about $34,770,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Taylor Morrison Home by 946.5% in the first quarter. Envestnet Asset Management Inc. now owns 530,529 shares of the construction company’s stock valued at $1,218,000 after acquiring an additional 479,832 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TMHC has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Taylor Morrison Home from a “hold” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $57.00 in a report on Friday, December 8th. Seaport Res Ptn lowered Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Wedbush reaffirmed a “neutral” rating and issued a $52.00 price objective on shares of Taylor Morrison Home in a report on Monday, December 18th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Taylor Morrison Home has an average rating of “Hold” and a consensus price target of $57.20.

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