Joseph Terracciano Sells 1,537 Shares of Taylor Morrison Home Co. (NYSE:TMHC) Stock

Taylor Morrison Home Co. (NYSE:TMHC) CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Taylor Morrison Home Stock Down 1.5 %

Shares of TMHC stock traded down $0.90 during trading hours on Wednesday, reaching $59.55. The company had a trading volume of 1,351,500 shares, compared to its average volume of 1,065,489. The business has a fifty day simple moving average of $62.92 and a 200-day simple moving average of $66.19. Taylor Morrison Home Co. has a 12 month low of $53.17 and a 12 month high of $75.49. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 7.19 and a beta of 2.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GTS Securities LLC bought a new position in shares of Taylor Morrison Home during the 4th quarter worth approximately $277,000. Vise Technologies Inc. purchased a new stake in shares of Taylor Morrison Home during the fourth quarter valued at approximately $310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Taylor Morrison Home by 17.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,509 shares of the construction company’s stock worth $17,354,000 after acquiring an additional 42,984 shares during the period. Voloridge Investment Management LLC boosted its position in Taylor Morrison Home by 163.0% in the fourth quarter. Voloridge Investment Management LLC now owns 165,634 shares of the construction company’s stock worth $10,138,000 after purchasing an additional 102,653 shares during the last quarter. Finally, iSAM Funds UK Ltd grew its stake in Taylor Morrison Home by 148.1% in the 4th quarter. iSAM Funds UK Ltd now owns 18,413 shares of the construction company’s stock valued at $1,127,000 after purchasing an additional 10,991 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TMHC shares. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. Royal Bank of Canada upped their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.43.

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.