Insider Selling: Taylor Morrison Home Co. (NYSE:TMHC) Director Sells 2,402 Shares of Stock

Taylor Morrison Home Co. (NYSE:TMHC) Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Taylor Morrison Home Price Performance

NYSE:TMHC traded down $1.63 during trading hours on Wednesday, hitting $62.28. 826,737 shares of the stock were exchanged, compared to its average volume of 1,024,923. The company has a market cap of $6.44 billion, a P/E ratio of 7.52 and a beta of 2.03. The firm’s fifty day moving average price is $62.85 and its 200 day moving average price is $66.35. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of research reports. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Raymond James reiterated an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Seaport Res Ptn downgraded shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

Institutional Investors Weigh In On Taylor Morrison Home

A number of hedge funds have recently modified their holdings of the business. MQS Management LLC purchased a new stake in Taylor Morrison Home during the 3rd quarter valued at about $768,000. Lord Abbett & CO. LLC boosted its holdings in shares of Taylor Morrison Home by 2.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock worth $32,550,000 after purchasing an additional 11,302 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after purchasing an additional 69,222 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Taylor Morrison Home in the third quarter valued at approximately $1,899,000. Finally, Sheets Smith Wealth Management purchased a new position in Taylor Morrison Home during the fourth quarter worth approximately $550,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Company Profile

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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.