Taylor Morrison Home (NYSE:TMHC) Sets New 52-Week High at $69.77

Taylor Morrison Home Co. (NYSE:TMHC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $69.77 and last traded at $68.78, with a volume of 21905 shares. The stock had previously closed at $68.66.

Analyst Ratings Changes

Several research firms have weighed in on TMHC. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Raymond James initiated coverage on Taylor Morrison Home in a research report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 target price for the company. BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Monday, August 19th. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Finally, Barclays upped their target price on Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Taylor Morrison Home has an average rating of “Moderate Buy” and an average price target of $70.17.

Taylor Morrison Home Stock Performance

The stock has a market cap of $7.38 billion, a P/E ratio of 9.98 and a beta of 1.96. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The company’s 50-day simple moving average is $64.30 and its 200 day simple moving average is $59.72.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.06. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.87 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. As a group, sell-side analysts expect that Taylor Morrison Home Co. will post 8.15 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the sale, the director now owns 2,255,316 shares of the company’s stock, valued at approximately $145,084,478.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director William H. Lyon sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the sale, the director now directly owns 2,255,316 shares in the company, valued at approximately $145,084,478.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now directly owns 2,195,316 shares of the company’s stock, valued at $149,347,347.48. The disclosure for this sale can be found here. Insiders have sold a total of 90,000 shares of company stock worth $5,966,317 over the last ninety days. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of Taylor Morrison Home

A number of hedge funds and other institutional investors have recently bought and sold shares of TMHC. Rise Advisors LLC purchased a new position in shares of Taylor Morrison Home during the 1st quarter valued at $26,000. ICA Group Wealth Management LLC purchased a new position in Taylor Morrison Home during the fourth quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Taylor Morrison Home in the 2nd quarter worth about $31,000. Fidelis Capital Partners LLC purchased a new stake in shares of Taylor Morrison Home in the 1st quarter valued at about $82,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Taylor Morrison Home during the 1st quarter valued at about $91,000. Institutional investors own 95.16% of the company’s stock.

About Taylor Morrison Home

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.