Insider Selling: Taylor Morrison Home Co. (NYSE:TMHC) Director Sells 51,679 Shares of Stock

Taylor Morrison Home Co. (NYSE:TMHC – Get Rating) Director William H. Lyon sold 51,679 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $44.04, for a total value of $2,275,943.16. Following the completion of the transaction, the director now directly owns 23,127 shares in the company, valued at $1,018,513.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Taylor Morrison Home Stock Down 0.3 %

Shares of NYSE TMHC opened at $43.48 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 6.09 and a quick ratio of 1.20. The company has a market cap of $4.74 billion, a P/E ratio of 4.62 and a beta of 1.71. Taylor Morrison Home Co. has a 1 year low of $20.05 and a 1 year high of $44.16. The firm has a 50-day simple moving average of $38.72 and a two-hundred day simple moving average of $34.20.

Taylor Morrison Home (NYSE:TMHC – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The construction company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.45. Taylor Morrison Home had a net margin of 13.04% and a return on equity of 24.14%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. Research analysts anticipate that Taylor Morrison Home Co. will post 6.8 earnings per share for the current year.

Institutional Trading of Taylor Morrison Home

Institutional investors and hedge funds have recently modified their holdings of the stock. TCI Wealth Advisors Inc. grew its holdings in Taylor Morrison Home by 87.7% in the fourth quarter. TCI Wealth Advisors Inc. now owns 933 shares of the construction company’s stock worth $28,000 after purchasing an additional 436 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Taylor Morrison Home by 47.6% during the 3rd quarter. Assetmark Inc. now owns 1,802 shares of the construction company’s stock worth $42,000 after acquiring an additional 581 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Taylor Morrison Home during the 1st quarter worth about $44,000. Proficio Capital Partners LLC purchased a new stake in shares of Taylor Morrison Home during the 1st quarter worth about $48,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Taylor Morrison Home by 213.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,813 shares of the construction company’s stock worth $55,000 after acquiring an additional 1,234 shares in the last quarter. Institutional investors own 96.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $33.00 to $42.00 in a research report on Thursday, April 27th. Credit Suisse Group lifted their price target on Taylor Morrison Home from $41.00 to $47.00 in a research report on Thursday, April 27th. StockNews.com started coverage on Taylor Morrison Home in a research report on Thursday, March 16th. They issued a “buy” rating for the company. Finally, Barclays lifted their price target on Taylor Morrison Home from $40.00 to $45.00 in a research report on Thursday, April 27th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Hold” and a consensus price target of $38.08.

About Taylor Morrison Home

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Taylor Morrison Home Corp. engages in the business of residential homebuilding and the development of lifestyle communities. It operates through the following segments: East, Central, West, and Financial Services. The East segment includes operations in Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida, and Tampa regions.