Taylor Morrison Home (NYSE:TMHC) Director Sells $980,140.00 in 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 L. Mariucci sold 14,002 shares of Taylor Morrison Home stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the sale, the director owned 48,191 shares of the company's stock, valued at $3,373,370. The trade was a 22.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Taylor Morrison Home Trading Down 2.2%

TMHC traded down $1.54 on Friday, reaching $67.66. 2,298,753 shares of the company traded hands, compared to its average volume of 1,074,620. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.79 billion, a P/E ratio of 7.81 and a beta of 1.58. The firm has a fifty day simple moving average of $66.08 and a two-hundred day simple moving average of $61.45. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49.

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

Analyst Ratings Changes

TMHC has been the topic of several research analyst reports. Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Bank of America boosted their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $77.50.

Hedge Funds Weigh In On Taylor Morrison Home

A number of large investors have recently added to or reduced their stakes in TMHC. Norges Bank acquired a new position in Taylor Morrison Home during the second quarter worth $93,627,000. Long Pond Capital LP raised its position in Taylor Morrison Home by 132.4% during the second quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company's stock worth $95,913,000 after acquiring an additional 889,616 shares during the period. Nuveen LLC acquired a new position in Taylor Morrison Home during the first quarter worth $51,329,000. AQR Capital Management LLC raised its position in Taylor Morrison Home by 118.0% during the second quarter. AQR Capital Management LLC now owns 1,273,418 shares of the construction company's stock worth $77,933,000 after acquiring an additional 689,286 shares during the period. Finally, Junto Capital Management LP acquired a new position in Taylor Morrison Home during the first quarter worth $34,007,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.