Insider Selling: Taylor Morrison Home Co. (NYSE:TMHC) EVP Sells 68,433 Shares of Stock

Taylor Morrison Home Co. (NYSE:TMHC) EVP Darrell Sherman sold 68,433 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the sale, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,699,798.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Darrell Sherman also recently made the following trade(s):

• On Monday, October 28th, Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00.

Taylor Morrison Home Stock Performance

Shares of TMHC traded down $0.36 during mid-day trading on Wednesday, reaching $69.43. The company had a trading volume of 814,189 shares, compared to its average volume of 796,581. Taylor Morrison Home Co. has a 52-week low of $37.64 and a 52-week high of $71.95. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.34 billion, a P/E ratio of 9.93 and a beta of 1.96. The stock has a 50 day moving average of $67.94 and a two-hundred day moving average of $61.93.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company earned $1.62 earnings per share. Taylor Morrison Home’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, analysts expect that Taylor Morrison Home Co. will post 8.27 earnings per share for the current year.

Institutional Trading of Taylor Morrison Home

Several institutional investors have recently bought and sold shares of TMHC. Allspring Global Investments Holdings LLC lifted its position in Taylor Morrison Home by 4,586.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after buying an additional 649,230 shares in the last quarter. Janus Henderson Group PLC raised its position in Taylor Morrison Home by 22.3% in the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock valued at $4,761,000 after purchasing an additional 13,987 shares during the period. Sei Investments Co. raised its position in Taylor Morrison Home by 36.7% in the first quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock valued at $22,816,000 after purchasing an additional 98,539 shares during the period. BNP Paribas Financial Markets raised its position in Taylor Morrison Home by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock valued at $12,648,000 after purchasing an additional 114,034 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Taylor Morrison Home by 173.0% in the first quarter. SG Americas Securities LLC now owns 18,828 shares of the construction company’s stock valued at $1,171,000 after buying an additional 11,931 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMHC has been the topic of several research analyst reports. Raymond James reiterated an “outperform” rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $65.00 to $85.00 in a research note on Friday, October 25th. BTIG Research upped their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Taylor Morrison Home currently has an average rating of “Moderate Buy” and a consensus target price of $77.33.

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.