Insider Sale: Taylor Morrison Home Co. (NYSE: TMHC) Director Sells 1,200 Shares

Taylor Morrison Home Co. (NYSE: TMHC) Director William H. Lyon sold 1,200 shares of Taylor Morrison Home in a trade that took place on Friday, December 10. The stock was sold for an average price of $ 35.01, for a total trade of $ 42,012.00. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available at this link.

TMHC shares traded down $ 0.53 at midday on Tuesday, reaching $ 33.88. 731,412 shares of the company were traded, for an average volume of 1,137,513. Taylor Morrison Home Co. has a 52-week low of $ 22.64 and a 52-week high of $ 35.51. The company has a debt ratio of 0.86, a rapid ratio of 0.62 and a current ratio of 5.32. The company has a market cap of $ 4.16 billion, a P / E ratio of 9.15 and a beta of 1.77. The company’s 50-day simple moving average is $ 30.73 and its 200-day simple moving average is $ 28.25.

Taylor Morrison Home (NYSE: TMHC) last released its quarterly results on Wednesday, October 27. The construction company reported earnings per share of $ 1.34 for the quarter, beating analyst consensus estimates of $ 1.21 by $ 0.13. Taylor Morrison Home had a net margin of 7.40% and a return on equity of 13.79%. The company posted revenue of $ 1.86 billion in the quarter, compared to a consensus estimate of $ 1.79 billion. In the same quarter of last year, the company achieved earnings per share of $ 1.01. The company’s quarterly revenue is up 9.4% from the same quarter last year. On average, analysts predict that Taylor Morrison Home Co. will post 5.11 EPS for the current year.

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Several analysts have recently weighed on the title. Royal Bank of Canada raised its price target on Taylor Morrison Home shares from $ 32.00 to $ 34.00 and gave the stock a “sector performance” rating in a research report released on Thursday. October 28. JPMorgan Chase & Co. lowered its price target on Taylor Morrison Home shares from $ 45.00 to $ 37.00 and set an “overweight” rating on the stock in a research note on Thursday, October 14 . Barclays raised its price target on Taylor Morrison Home shares from $ 40.00 to $ 42.00 and assigned the company an “overweight” rating in a research note on Thursday, October 28. BTIG Research raised its price target for Taylor Morrison Home shares from $ 38.00 to $ 42.00 and gave the company a “buy” rating in a research note on Thursday, October 28. Finally, Zacks Investment Research upgraded Taylor Morrison Home shares from a “sell” rating to a “hold” rating in a Friday October 29th research note. Five research analysts rated the stock with a conservation rating and six gave the company’s stock a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $ 37.70.

Hedge funds recently bought and sold shares in the company. Apollo Management Holdings LP acquired a new position in Taylor Morrison Home during the third quarter valued at approximately $ 47,248,000. William Blair Investment Management LLC increased its position in Taylor Morrison Home by 51,216.4% in the 3rd quarter. William Blair Investment Management LLC now owns 1,747,323 shares of the construction company valued at $ 45,046,000 after purchasing an additional 1,743,918 shares during the period. AQR Capital Management LLC strengthened its position in Taylor Morrison Home by 170.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,034,556 shares of the construction company valued at $ 27,209,000 after purchasing an additional 652,265 shares during the period. Basswood Capital Management LLC increased its position in shares of Taylor Morrison Home by 39.0% during the second quarter. Basswood Capital Management LLC now owns 1,671,396 shares of the construction company valued at $ 44,158,000 after purchasing an additional 469,352 shares during the period. Finally, Hodges Capital Management Inc. increased its position in Taylor Morrison Home shares by 80.9% during the third quarter. Hodges Capital Management Inc. now owns 1,026,969 shares of the construction company valued at $ 26,475,000 after purchasing an additional 459,378 shares during the period. Institutional investors hold 91.34% of the shares of the company.

About Taylor Morrison

Taylor Morrison Home Corp. engaged in the construction of residential homes and the development of lifestyle communities. It operates through the following segments: East, Center, West and Financial Services. The Eastern Segment includes operations in the Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida and Tampa areas.

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Quarterly Insider Buys and Sells for Taylor Morrison Home (NYSE: TMHC)

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