Insider Selling: Taylor Morrison Home Co. (NYSE:TMHC) Director Sells 153,000 Shares of Stock

Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 153,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $62.32, for a total value of $9,534,960.00. Following the completion of the sale, the director now directly owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC traded up $0.86 during mid-day trading on Friday, hitting $62.17. The company had a trading volume of 678,418 shares, compared to its average volume of 774,819. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 8.91 and a beta of 1.87. Taylor Morrison Home Co. has a 1 year low of $36.15 and a 1 year high of $62.64. The company has a current ratio of 6.00, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The stock’s 50-day moving average price is $56.05 and its 200-day moving average price is $49.41.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the business earned $2.93 earnings per share. The firm’s revenue was down 19.0% on a year-over-year basis. On average, sell-side analysts forecast that Taylor Morrison Home Co. will post 7.34 earnings per share for the current year.

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC purchased a new position in Taylor Morrison Home during the fourth quarter worth about $27,000. IFP Advisors Inc grew its position in Taylor Morrison Home by 138.9% during the third quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock worth $26,000 after buying an additional 357 shares in the last quarter. Private Wealth Management Group LLC purchased a new position in Taylor Morrison Home during the fourth quarter worth about $39,000. Daiwa Securities Group Inc. purchased a new position in Taylor Morrison Home during the fourth quarter worth about $48,000. Finally, Ronald Blue Trust Inc. grew its position in Taylor Morrison Home by 3,911.1% during the third quarter. Ronald Blue Trust Inc. now owns 1,083 shares of the construction company’s stock worth $46,000 after buying an additional 1,056 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on TMHC shares. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Barclays raised their target price on Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Wedbush reiterated a “neutral” rating and set a $52.00 price target on shares of Taylor Morrison Home in a report on Monday, December 18th. Seaport Res Ptn lowered Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada lifted their price target on Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $57.20.

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.