Taylor Morrison Home Co. (NYSE:TMHC – Get Free Report) Director William H. Lyon sold 164,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $60.33, for a total value of $9,894,120.00. Following the completion of the sale, the director now directly owns 43,570 shares of the company’s stock, valued at $2,628,578.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Taylor Morrison Home Price Performance
NYSE TMHC opened at $61.31 on Thursday. The business has a 50 day simple moving average of $55.71 and a 200 day simple moving average of $49.21. Taylor Morrison Home Co. has a 52-week low of $36.15 and a 52-week high of $61.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 6.00. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 8.78 and a beta of 1.87.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm posted $2.93 EPS. The business’s revenue was down 19.0% on a year-over-year basis. Analysts anticipate that Taylor Morrison Home Co. will post 7.34 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Analysis on Taylor Morrison Home
Hedge Funds Weigh In On Taylor Morrison Home
A number of large investors have recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new position in Taylor Morrison Home during the 4th quarter worth approximately $27,000. Integrated Advisors Network LLC acquired a new position in Taylor Morrison Home during the 4th quarter worth approximately $456,000. Virtu Financial LLC acquired a new position in Taylor Morrison Home during the 4th quarter worth approximately $221,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Taylor Morrison Home by 3.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 76,869 shares of the construction company’s stock valued at $4,101,000 after buying an additional 2,586 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Taylor Morrison Home by 6.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,285 shares of the construction company’s stock valued at $602,000 after buying an additional 659 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.
About Taylor Morrison Home
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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.
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