Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon Sells 1,741 Shares

Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction on Monday, July 29th. The shares were 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 owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Taylor Morrison Home Trading Up 0.7 %

TMHC traded up $0.48 during midday trading on Monday, hitting $67.77. 672,461 shares of the company were exchanged, compared to its average volume of 783,100. The firm has a market capitalization of $7.17 billion, a P/E ratio of 9.70 and a beta of 1.95. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $68.92. The firm’s 50 day moving average price is $57.92 and its 200-day moving average price is $56.93. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.57 by $0.18. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 EPS. As a group, equities analysts forecast that Taylor Morrison Home Co. will post 7.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Taylor Morrison Home

Several institutional investors and hedge funds have recently made changes to their positions in TMHC. Raymond James & Associates boosted its position in shares of Taylor Morrison Home by 2.8% during the 4th quarter. Raymond James & Associates now owns 53,019 shares of the construction company’s stock valued at $2,829,000 after purchasing an additional 1,428 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Taylor Morrison Home by 25.7% during the 4th quarter. Pacer Advisors Inc. now owns 20,926 shares of the construction company’s stock valued at $1,116,000 after purchasing an additional 4,277 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Taylor Morrison Home by 200.5% during the 4th quarter. Blue Trust Inc. now owns 3,254 shares of the construction company’s stock valued at $174,000 after purchasing an additional 2,171 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Taylor Morrison Home by 9,467.3% during the 4th quarter. International Assets Investment Management LLC now owns 14,351 shares of the construction company’s stock valued at $766,000 after purchasing an additional 14,201 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Taylor Morrison Home by 38.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,671 shares of the construction company’s stock valued at $3,930,000 after purchasing an additional 20,351 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday. Wedbush restated a “neutral” rating and set a $65.00 price objective (up previously from $61.00) on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. Raymond James assumed coverage on Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective on the stock. Finally, StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has an average rating of “Hold” and a consensus price target of $68.60.

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.