William H. Lyon Sells 24,284 Shares of Taylor Morrison Home Co. (NYSE:TMHC) Stock

Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the sale, the director now owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Taylor Morrison Home Stock Down 0.2 %

TMHC stock traded down $0.12 during mid-day trading on Wednesday, reaching $74.01. 513,210 shares of the company traded hands, compared to its average volume of 798,238. 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 firm’s 50 day moving average price is $69.65 and its 200 day moving average price is $63.87. Taylor Morrison Home Co. has a fifty-two week low of $44.32 and a fifty-two week high of $75.49. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 9.80 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share 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 business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company earned $1.62 earnings per share. Taylor Morrison Home’s revenue was up 26.6% compared to the same quarter last year. As a group, equities research analysts predict that Taylor Morrison Home Co. will post 8.44 EPS 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 stock. Forum Financial Management LP grew its stake in shares of Taylor Morrison Home by 3.9% in the second quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock worth $246,000 after purchasing an additional 165 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in Taylor Morrison Home by 2.1% in the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock worth $640,000 after buying an additional 191 shares in the last quarter. TCW Group Inc. grew its stake in Taylor Morrison Home by 0.4% in the second quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock worth $2,894,000 after purchasing an additional 213 shares during the period. Captrust Financial Advisors increased its stake in shares of Taylor Morrison Home by 2.9% in the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock worth $586,000 after acquiring an additional 234 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Taylor Morrison Home by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock worth $1,652,000 after acquiring an additional 266 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TMHC has been the topic of a number of research reports. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Royal Bank of Canada lifted their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. BTIG Research increased their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Raymond James reissued an “outperform” rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Finally, Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.