Taylor Morrison Home Co. (NYSE:TMHC) Director David C. Merritt Sells 2,402 Shares

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

Taylor Morrison Home Stock Down 2.6 %

TMHC stock opened at $62.28 on Thursday. The stock has a market capitalization of $6.44 billion, a P/E ratio of 7.52 and a beta of 2.03. The firm has a 50-day simple moving average of $62.87 and a 200-day simple moving average of $66.32. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 52 week low of $53.17 and a 52 week high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 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%. Equities analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on TMHC. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. StockNews.com downgraded 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 cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $82.43.

Institutional Trading of Taylor Morrison Home

A number of institutional investors and hedge funds have recently modified their holdings of TMHC. GTS Securities LLC acquired a new position in Taylor Morrison Home during the fourth quarter worth about $277,000. Vise Technologies Inc. acquired a new position in Taylor Morrison Home during the fourth quarter worth about $310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 last quarter. Voloridge Investment Management LLC boosted its position in Taylor Morrison Home by 163.0% during the fourth quarter. Voloridge Investment Management LLC now owns 165,634 shares of the construction company’s stock worth $10,138,000 after acquiring an additional 102,653 shares during the last quarter. Finally, iSAM Funds UK Ltd boosted its position in Taylor Morrison Home by 148.1% during the fourth quarter. iSAM Funds UK Ltd now owns 18,413 shares of the construction company’s stock worth $1,127,000 after acquiring an additional 10,991 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.