Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon Sells 24,284 Shares of Stock

Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 24,284 shares of the company’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 in the company, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Taylor Morrison Home Trading Down 0.2 %

Shares of Taylor Morrison Home stock opened at $74.01 on Thursday. Taylor Morrison Home Co. has a 12-month low of $44.32 and a 12-month high of $75.49. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 9.79 and a beta of 1.96. The company’s 50-day moving average price is $69.74 and its 200-day moving average price is $63.94.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm’s revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.62 EPS. On average, equities analysts expect that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Raymond James reissued an “outperform” rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Finally, Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.33.

Institutional Investors Weigh In On Taylor Morrison Home

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMHC. Price T Rowe Associates Inc. MD boosted its position in shares of Taylor Morrison Home by 2.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 78,897 shares of the construction company’s stock valued at $4,906,000 after purchasing an additional 2,028 shares in the last quarter. SVB Wealth LLC purchased a new stake in Taylor Morrison Home during the first quarter valued at $224,000. Janus Henderson Group PLC lifted its stake in shares of Taylor Morrison Home by 22.3% in the 1st quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock worth $4,761,000 after purchasing an additional 13,987 shares during the period. Comerica Bank boosted its stake in shares of Taylor Morrison Home by 18.0% during the 1st quarter. Comerica Bank now owns 53,082 shares of the construction company’s stock worth $3,300,000 after acquiring an additional 8,091 shares during the last quarter. Finally, Burney Co. lifted its position in Taylor Morrison Home by 12.7% during the first quarter. Burney Co. now owns 270,162 shares of the construction company’s stock valued at $16,796,000 after purchasing an additional 30,431 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

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.