Insider Selling: Taylor Morrison Home Co. (NYSE:TMHC) EVP Sells 26,757 Shares of Stock

Taylor Morrison Home Co. (NYSE:TMHC) EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Darrell Sherman also recently made the following trade(s):

• On Wednesday, October 30th, Darrell Sherman sold 68,433 shares of Taylor Morrison Home stock. The stock was sold at an average price of $70.50, for a total transaction of $4,824,526.50.

Taylor Morrison Home Price Performance

NYSE:TMHC traded down $0.36 during midday trading on Wednesday, hitting $69.43. 814,189 shares of the stock were exchanged, compared to its average volume of 796,581. Taylor Morrison Home Co. has a one year low of $37.64 and a one year high of $71.95. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 9.93 and a beta of 1.96. The business has a 50-day moving average price of $67.94 and a two-hundred day moving average price of $61.93. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping 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 firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company earned $1.62 earnings per share. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. Sell-side analysts predict that Taylor Morrison Home Co. will post 8.27 EPS for the current year.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of recent research reports. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. BTIG Research raised their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Barclays raised their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Institutional Investors Weigh In On Taylor Morrison Home

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. grew its position in Taylor Morrison Home by 40.5% in the third quarter. QRG Capital Management Inc. now owns 16,048 shares of the construction company’s stock worth $1,128,000 after buying an additional 4,625 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in Taylor Morrison Home in the third quarter worth approximately $947,000. Harbor Capital Advisors Inc. acquired a new position in Taylor Morrison Home in the third quarter worth approximately $34,000. Sippican Capital Advisors acquired a new position in Taylor Morrison Home in the third quarter worth approximately $246,000. Finally, State of Alaska Department of Revenue grew its position in Taylor Morrison Home by 4.4% in the third quarter. State of Alaska Department of Revenue now owns 12,108 shares of the construction company’s stock worth $850,000 after buying an additional 505 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

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.