Insider Selling: Taylor Morrison Home Co. (NYSE:TMHC) Director Sells $1,808,186.64 in Stock

Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $73.89 on Friday. The firm’s 50 day simple moving average is $69.86 and its 200 day simple moving average is $64.11. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 9.77 and a beta of 1.96. 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 Co. has a 1 year low of $44.59 and a 1 year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $1.62 EPS. The company’s revenue was up 26.6% compared to the same quarter last year. As a group, research analysts expect that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TMHC. Forum Financial Management LP grew its holdings in shares of Taylor Morrison Home by 3.9% during the 2nd quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock valued at $246,000 after purchasing an additional 165 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of Taylor Morrison Home by 2.1% during the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock worth $640,000 after buying an additional 191 shares in the last quarter. TCW Group Inc. lifted its stake in shares of Taylor Morrison Home by 0.4% in the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock valued at $2,894,000 after acquiring an additional 213 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Taylor Morrison Home by 2.9% during the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock valued at $586,000 after acquiring an additional 234 shares in the last quarter. Finally, Arizona State Retirement System grew its position in Taylor Morrison Home by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock worth $1,652,000 after acquiring an additional 266 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TMHC. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. BTIG Research boosted their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. 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. Royal Bank of Canada boosted their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $77.33.

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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.