Taylor Morrison Home Corp (NYSE:TMHC) Insider C. David Cone Sells 21,205 Shares

Taylor Morrison Home Corp (NYSE:TMHC) insider C. David Cone sold 21,205 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $23.06, for a total transaction of $488,987.30. Following the sale, the insider now directly owns 80,230 shares of the company’s stock, valued at $1,850,103.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.

TMHC stock traded up $0.02 during mid-day trading on Thursday, hitting $23.46. 20,483 shares of the company were exchanged, compared to its average volume of 938,992. The company has a market capitalization of $2.42 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company has a current ratio of 7.69, a quick ratio of 0.60 and a debt-to-equity ratio of 0.89. Taylor Morrison Home Corp has a twelve month low of $14.73 and a twelve month high of $23.52. The firm has a fifty day simple moving average of $22.09 and a 200 day simple moving average of $19.86.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.13. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.20 billion. Taylor Morrison Home had a net margin of 5.03% and a return on equity of 13.66%. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. As a group, sell-side analysts anticipate that Taylor Morrison Home Corp will post 2.76 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Taylor Morrison Home by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,734,795 shares of the construction company’s stock valued at $138,884,000 after acquiring an additional 51,654 shares during the period. Legal & General Group Plc grew its position in shares of Taylor Morrison Home by 15.7% during the 4th quarter. Legal & General Group Plc now owns 75,106 shares of the construction company’s stock valued at $1,194,000 after acquiring an additional 10,168 shares during the period. Geode Capital Management LLC grew its position in shares of Taylor Morrison Home by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 1,573,736 shares of the construction company’s stock valued at $25,022,000 after acquiring an additional 113,594 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Taylor Morrison Home by 866.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 26,649 shares of the construction company’s stock valued at $473,000 after acquiring an additional 23,893 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Taylor Morrison Home during the 1st quarter valued at about $195,000.

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada raised shares of Taylor Morrison Home from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $23.00 to $25.00 in a report on Thursday, May 16th. Zacks Investment Research raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a report on Saturday, August 3rd. B. Riley raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and raised their price target for the company from $22.00 to $26.00 in a report on Thursday, August 1st. Wells Fargo & Co raised their price target on shares of Taylor Morrison Home from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Finally, Barclays raised their price target on shares of Taylor Morrison Home from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $23.22.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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