Louis Steffens Sells 8,890 Shares of Taylor Morrison Home Co. (NYSE:TMHC) Stock

Taylor Morrison Home Co. (NYSE:TMHC – Get Rating) CFO Louis Steffens sold 8,890 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $36.97, for a total value of $328,663.30. Following the sale, the chief financial officer now directly owns 65,772 shares in the company, valued at approximately $2,431,590.84. The sale was disclosed in a document filed with the SEC, which is available at this link.

Taylor Morrison Home Stock Performance

TMHC stock opened at $35.24 on Friday. The stock has a 50-day moving average price of $34.63 and a 200-day moving average price of $29.60. Taylor Morrison Home Co. has a 1-year low of $20.05 and a 1-year high of $37.65. The company has a current ratio of 5.59, a quick ratio of 1.01 and a debt-to-equity ratio of 0.53. The firm has a market cap of $3.82 billion, a PE ratio of 3.86 and a beta of 1.69.

Taylor Morrison Home (NYSE:TMHC – Get Rating) last released its earnings results on Wednesday, February 15th. The construction company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.02. Taylor Morrison Home had a return on equity of 24.86% and a net margin of 12.80%. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the company posted $2.19 earnings per share. Taylor Morrison Home’s quarterly revenue was down .5% on a year-over-year basis. As a group, equity research analysts expect that Taylor Morrison Home Co. will post 6.46 earnings per share for the current year.

Institutional Inflows and Outflows

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A number of institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Taylor Morrison Home by 20.2% during the fourth quarter. Victory Capital Management Inc. now owns 391,643 shares of the construction company’s stock worth $11,886,000 after purchasing an additional 65,695 shares during the period. Macquarie Group Ltd. grew its position in Taylor Morrison Home by 2.2% in the 4th quarter. Macquarie Group Ltd. now owns 3,226,343 shares of the construction company’s stock worth $97,920,000 after purchasing an additional 70,229 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of Taylor Morrison Home during the 4th quarter valued at $223,000. The State of Wyoming grew its position in shares of Taylor Morrison Home by 28.0% during the 4th quarter. The State of Wyoming now owns 14,598 shares of the construction company’s stock valued at $443,000 after acquiring an additional 3,193 shares during the period. Finally, CI Private Wealth LLC purchased a new position in shares of Taylor Morrison Home during the 4th quarter valued at $1,674,000. Institutional investors own 96.33% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of several analyst reports. Credit Suisse Group raised their target price on Taylor Morrison Home from $33.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Tuesday, January 10th. Barclays lifted their price objective on Taylor Morrison Home from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 16th. Finally, JPMorgan Chase & Co. boosted their target price on Taylor Morrison Home from $29.50 to $39.50 in a research note on Tuesday, November 22nd. Five equity research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.21.

About Taylor Morrison Home

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Taylor Morrison Home Corp. engages in the business of residential homebuilding and the development of lifestyle communities. It operates through the following segments: East, Central, West, and Financial Services. The East segment includes operations in Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida, and Tampa regions.

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