Insider Selling: Taylor Morrison Home Corporation (TMHC) Insider Sells 1,499,732 Shares of Stock
Taylor Morrison Home Corporation (NYSE:TMHC) insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total value of $40,702,726.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Taylor Morrison Home Corporation (NYSE:TMHC) traded up $0.40 during trading on Friday, reaching $27.74. The company had a trading volume of 1,724,630 shares, compared to its average volume of 3,379,377. The company has a market capitalization of $3,315.31, a price-to-earnings ratio of 15.08, a P/E/G ratio of 0.92 and a beta of 1.47. Taylor Morrison Home Corporation has a 1 year low of $18.26 and a 1 year high of $28.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85.
Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The company had revenue of $908.00 million during the quarter, compared to analyst estimates of $914.19 million. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. equities analysts anticipate that Taylor Morrison Home Corporation will post 1.86 EPS for the current year.
Several analysts recently weighed in on TMHC shares. Citigroup raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, January 2nd. ValuEngine lowered Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. BidaskClub raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. Barclays set a $27.00 price objective on Taylor Morrison Home and gave the company a “hold” rating in a report on Monday, January 8th. Finally, Wedbush reissued a “neutral” rating and issued a $27.00 price objective on shares of Taylor Morrison Home in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.57.
Several large investors have recently bought and sold shares of TMHC. Schwab Charles Investment Management Inc. grew its holdings in shares of Taylor Morrison Home by 79.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 371,160 shares of the construction company’s stock valued at $8,912,000 after purchasing an additional 164,563 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Taylor Morrison Home during the second quarter valued at approximately $184,000. Bank of New York Mellon Corp grew its holdings in shares of Taylor Morrison Home by 25.6% during the second quarter. Bank of New York Mellon Corp now owns 315,964 shares of the construction company’s stock valued at $7,586,000 after purchasing an additional 64,337 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Taylor Morrison Home by 43.0% during the second quarter. Legal & General Group Plc now owns 13,355 shares of the construction company’s stock valued at $320,000 after purchasing an additional 4,017 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Taylor Morrison Home by 717.3% during the second quarter. BNP Paribas Arbitrage SA now owns 7,470 shares of the construction company’s stock valued at $179,000 after purchasing an additional 6,556 shares during the last quarter. 59.04% of the stock is owned by institutional investors.
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About Taylor Morrison Home
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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