Taylor Morrison Home Corp (NYSE:TMHC) CFO C. David Cone Sells 20,000 Shares

Taylor Morrison Home Corp (NYSE:TMHC) CFO C. David Cone sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $24.03, for a total value of $480,600.00. Following the completion of the sale, the chief financial officer now directly owns 56,676 shares in the company, valued at $1,361,924.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

C. David Cone also recently made the following trade(s):

  • On Tuesday, August 20th, C. David Cone sold 21,205 shares of Taylor Morrison Home stock. The shares were sold at an average price of $23.06, for a total value of $488,987.30.

Taylor Morrison Home stock traded up $0.03 during trading on Friday, reaching $24.32. 76,278 shares of the company were exchanged, compared to its average volume of 943,434. Taylor Morrison Home Corp has a 52-week low of $14.73 and a 52-week high of $24.72. The company has a market capitalization of $2.56 billion, a P/E ratio of 9.21, a PEG ratio of 1.64 and a beta of 0.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 7.69 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $22.79 and its two-hundred day simple moving average is $20.22.

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

Institutional investors have recently made changes to their positions in the stock. Strs Ohio purchased a new position in Taylor Morrison Home during the second quarter worth approximately $50,000. Penserra Capital Management LLC purchased a new stake in Taylor Morrison Home in the first quarter valued at $59,000. Factorial Partners LLC purchased a new stake in Taylor Morrison Home in the first quarter valued at $71,000. First Mercantile Trust Co. raised its position in Taylor Morrison Home by 10.6% in the first quarter. First Mercantile Trust Co. now owns 10,494 shares of the construction company’s stock valued at $186,000 after purchasing an additional 1,004 shares during the period. Finally, Quantamental Technologies LLC purchased a new stake in Taylor Morrison Home in the second quarter valued at $188,000.

A number of analysts have recently issued reports on TMHC shares. ValuEngine raised Taylor Morrison Home from a “sell” rating to a “hold” rating in a research note on Wednesday. B. Riley raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $22.00 to $26.00 in a research note on Thursday, August 1st. Zacks Investment Research raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Saturday, August 3rd. Royal Bank of Canada raised Taylor Morrison Home from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $23.00 to $25.00 in a research note on Thursday, May 16th. Finally, Wells Fargo & Co lifted their price target on Taylor Morrison Home from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target 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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Insider Buying and Selling by Quarter for Taylor Morrison Home (NYSE:TMHC)

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