Insider Selling: Taylor Morrison Home Co. (NYSE:TMHC) Director Sells $9,894,120.00 in Stock

Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 164,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were 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 $2,628,578.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $61.31 on Thursday. The business has a 50 day simple moving average of $55.71 and a 200 day simple moving average of $49.21. Taylor Morrison Home Co. has a 52-week low of $36.15 and a 52-week high of $61.41. 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 stock has a market cap of $6.53 billion, a price-to-earnings ratio of 8.78 and a beta of 1.87.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm posted $2.93 EPS. The business’s revenue was down 19.0% on a year-over-year basis. Analysts anticipate that Taylor Morrison Home Co. will post 7.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays upped their price target on Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Seaport Res Ptn cut Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Royal Bank of Canada increased their target price on Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Wedbush reissued a “neutral” rating and set a $52.00 target price on shares of Taylor Morrison Home in a research note on Monday, December 18th. Finally, Deutsche Bank Aktiengesellschaft raised Taylor Morrison Home from a “hold” rating to a “buy” rating and increased their target price for the stock from $50.00 to $57.00 in a research note on Friday, December 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $57.20.

Hedge Funds Weigh In On Taylor Morrison Home

A number of large investors have recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new position in Taylor Morrison Home during the 4th quarter worth approximately $27,000. Integrated Advisors Network LLC acquired a new position in Taylor Morrison Home during the 4th quarter worth approximately $456,000. Virtu Financial LLC acquired a new position in Taylor Morrison Home during the 4th quarter worth approximately $221,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Taylor Morrison Home by 3.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 76,869 shares of the construction company’s stock valued at $4,101,000 after buying an additional 2,586 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Taylor Morrison Home by 6.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,285 shares of the construction company’s stock valued at $602,000 after buying an additional 659 shares during the last quarter. Institutional investors and hedge funds 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 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.