Taylor Morrison Home Co. (NYSE:TMHC – Free Report) Director William H. Lyon sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18. The shares were sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the completion of the sale, the director now directly owns 2,225,316 shares of the company’s stock, valued at $147,560,703.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Taylor Morrison Home shares rise 1.8%
Taylor Morrison Home stock opened at $65.48 on Tuesday. The company has a market cap of $6.93 billion, a P/E ratio of 9.37 and a beta of 1.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.91 and a current ratio of 6.16. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $67.66. The stock has a 50-day moving average of $57.47 and a 200-day moving average of $56.52.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last released its quarterly earnings results on Tuesday, April 30. The home improvement company reported earnings per share of $1.75 for the quarter, beating the consensus estimate of $1.57 by $0.18. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The company’s revenue grew by 2.3% compared to the year-ago quarter. In the year-ago quarter, the company posted earnings per share of $1.74. Equities analysts expect Taylor Morrison Home Co. to report earnings per share of $7.62 for the current year.
Taylor Morrison Home Institutional Trading
Several institutional investors and hedge funds have recently bought and sold shares of TMHC. Summit Global Investments acquired a new position in Taylor Morrison Home during the 2nd quarter valued at $1,287,000. Raymond James & Associates increased its holdings in shares of Taylor Morrison Home by 10.1% during the 2nd quarter. Raymond James & Associates now owns 57,491 shares of the construction company’s stock valued at $3,187,000 after buying an additional 5,296 shares during the last quarter. TCW Group Inc. increased its holdings in shares of Taylor Morrison Home by 0.4% during the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock valued at $2,894,000 after buying an additional 213 shares during the last quarter. Blue Trust Inc. increased its holdings in Taylor Morrison Home by 23.0% during the 2nd quarter. Blue Trust Inc. now owns 4,307 shares of the construction company’s stock valued at $239,000 after acquiring an additional 805 shares during the period. Finally, Wedge Capital Management LLP NC increased its stake in Taylor Morrison Home by 1,910.4% in the 2nd quarter. Wedge Capital Management LLP NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after acquiring an additional 691,711 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.
Wall Street analysts comment
Several equities analysts have recently commented on the company. Zelman & Associates upgraded Taylor Morrison Home from “underperform” to “neutral” in a report on Friday, April 12. Wedbush reiterated an “outperform” rating and issued a $61.00 price target on shares of Taylor Morrison Home in a report on Thursday, May 30. Barclays lowered their price target on Taylor Morrison Home from $65.00 to $62.00 and issued an “equal weight” rating for the company in a research note on Friday, July 12. StockNews.com downgraded Taylor Morrison Home from “buy” to “hold” in a report on Friday. Finally, Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1. Four analysts have rated the stock with a “hold” rating and three have given the company’s stock a “buy” rating. According to MarketBeat, the company currently has an average rating of “hold” and an average price target of $59.80.
Read our latest report on TMHC
About Taylor Morrison Home
(Get free report)
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public housing developer in the United States. The company designs, builds and sells single-family, multi-family and townhomes and develops lifestyle and master-planned communities. It develops and builds multi-use properties consisting of commercial space, retail stores and multifamily housing under the Urban Form brand name.
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