Sheryl Palmer Sells 13,513 Shares of Taylor Morrison Home (NYSE:TMHC) Stock

Taylor Morrison Home Corporation (NYSE:TMHC) CEO Sheryl Palmer sold 13,513 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the sale, the chief executive officer directly owned 370,475 shares in the company, valued at approximately $26,696,428.50. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sheryl Palmer also recently made the following trade(s):

• On Friday, August 22nd, Sheryl Palmer sold 25,000 shares of Taylor Morrison Home stock. The stock was sold at an average price of $70.20, for a total transaction of $1,755,000.00.

Taylor Morrison Home Stock Down 2.6%

Taylor Morrison Home stock opened at $70.02 on Wednesday. The firm has a 50 day simple moving average of $65.29 and a 200 day simple moving average of $61.03. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 8.09 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the business posted $1.86 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Institutional Trading of Taylor Morrison Home

Large investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp bought a new position in shares of Taylor Morrison Home in the second quarter worth approximately $28,000. Morse Asset Management Inc bought a new stake in Taylor Morrison Home during the fourth quarter valued at approximately $29,000. AlphaCore Capital LLC bought a new stake in Taylor Morrison Home during the second quarter valued at approximately $37,000. GAMMA Investing LLC lifted its position in Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock valued at $40,000 after purchasing an additional 444 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock valued at $48,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Seaport Res Ptn upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Sunday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Buy” and a consensus price target of $76.88.

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.