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.
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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