Insider Selling: Taylor Morrison Home (NYSE:TMHC) Director Sells 14,002 Shares of Stock

Key Points

• Anne Mariucci, a director at Taylor Morrison Home Corporation, sold 14,002 shares of the company's stock for a total of $980,140, reducing her stake by 22.51%.
• The stock recently traded down by 1.4% to $68.66, with a twelve-month low of $51.90 and a high of $75.49, reflecting current market conditions.
• Despite mixed ratings from analysts, the stock maintains a consensus rating of "Buy" with an average target price of $76.88.

Taylor Morrison Home Corporation (NYSE:TMHC - Get Free Report) Director Anne Mariucci sold 14,002 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the transaction, the director directly owned 48,191 shares of the company's stock, valued at approximately $3,373,370. This trade represents a 22.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Taylor Morrison Home Stock Down 1.4%

NYSE:TMHC traded down $0.99 during trading hours on Monday, reaching $68.66. 1,660,067 shares of the stock were exchanged, compared to its average volume of 1,083,541. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74. The firm has a 50 day moving average of $65.66 and a 200 day moving average of $61.20. The stock has a market cap of $6.89 billion, a PE ratio of 7.93 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm posted $1.86 EPS. The business's revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its position in Taylor Morrison Home by 1.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 12,341 shares of the construction company's stock worth $758,000 after buying an additional 165 shares during the period. Covestor Ltd increased its position in shares of Taylor Morrison Home by 14.9% in the first quarter. Covestor Ltd now owns 1,292 shares of the construction company's stock worth $78,000 after purchasing an additional 168 shares during the period. Cornerstone Select Advisors LLC increased its position in shares of Taylor Morrison Home by 0.7% in the first quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company's stock worth $1,452,000 after purchasing an additional 175 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Taylor Morrison Home by 13.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company's stock worth $102,000 after purchasing an additional 190 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Taylor Morrison Home by 6.1% in the first quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company's stock worth $207,000 after purchasing an additional 197 shares during the period. Institutional investors own 95.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TMHC shares. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $76.88.

Taylor Morrison Home Company Profile

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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.

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