Taylor Morrison Home Corp (NASDAQ:TMHC) insider C. David Cone sold 35,000 shares of Taylor Morrison Home Corp stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total value of $832,650.00. Following the completion of the transaction, the insider now directly owns 42,511 shares in the company, valued at approximately $1,011,336.69. The sale was disclosed in a document filed with the SEC, which is available at this link.

C. David Cone also recently made the following trade(s):

  • On Thursday, October 5th, C. David Cone sold 20,000 shares of Taylor Morrison Home Corp stock. The stock was sold at an average price of $22.83, for a total value of $456,600.00.

Taylor Morrison Home Corp (NASDAQ:TMHC) opened at $22.96 on Friday.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The company had revenue of $908.00 million for the quarter, compared to analysts’ expectations of $914.19 million. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS.

Taylor Morrison Home Corp announced that its Board of Directors has initiated a stock buyback plan on Monday, September 18th that permits the company to buyback $43.60 million in shares. This buyback authorization permits the construction company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

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A number of equities analysts recently weighed in on TMHC shares. BidaskClub cut Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research cut Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Deutsche Bank AG lifted their price target on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, ValuEngine cut Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $24.00.

Several institutional investors have recently made changes to their positions in TMHC. BlackRock Inc. lifted its holdings in shares of Taylor Morrison Home Corp by 148,720.2% during the 1st quarter. BlackRock Inc. now owns 4,345,551 shares of the construction company’s stock valued at $92,647,000 after buying an additional 4,342,631 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Taylor Morrison Home Corp by 72.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock valued at $168,834,000 after buying an additional 2,962,990 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Taylor Morrison Home Corp by 76.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,501,577 shares of the construction company’s stock valued at $84,072,000 after buying an additional 1,519,523 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Taylor Morrison Home Corp by 323.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,917,434 shares of the construction company’s stock valued at $46,038,000 after buying an additional 1,465,003 shares during the last quarter. Finally, Greenhaven Associates Inc. lifted its holdings in shares of Taylor Morrison Home Corp by 94.9% during the 3rd quarter. Greenhaven Associates Inc. now owns 2,526,244 shares of the construction company’s stock valued at $55,704,000 after buying an additional 1,229,844 shares during the last quarter.

Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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