Taylor Morrison Home Co. (NYSE:TMHC) Director William H. Lyon sold 14,000 shares of Taylor Morrison Home stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $32.05, for a total value of $448,700.00. Following the transaction, the director now owns 182,570 shares of the company's stock, valued at approximately $5,851,368.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE:TMHC traded down $0.77 during mid-day trading on Wednesday, reaching $31.46. The stock had a trading volume of 889,981 shares, compared to its average volume of 1,234,782. The stock has a 50-day simple moving average of $29.21 and a two-hundred day simple moving average of $26.72. The stock has a market capitalization of $4.05 billion, a PE ratio of 19.42 and a beta of 1.81. The company has a debt-to-equity ratio of 0.90, a current ratio of 7.19 and a quick ratio of 0.99. Taylor Morrison Home Co. has a 12 month low of $10.17 and a 12 month high of $32.68.
Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Tuesday, February 9th. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.10). The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.49 billion. Taylor Morrison Home had a net margin of 3.37% and a return on equity of 13.00%. The business's revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.06 earnings per share. Equities analysts expect that Taylor Morrison Home Co. will post 3.11 EPS for the current year.
TMHC has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating and set a $35.00 price target for the company in a research report on Tuesday, February 16th. KeyCorp initiated coverage on shares of Taylor Morrison Home in a research report on Monday, March 1st. They issued a "sector weight" rating for the company. B. Riley lifted their price target on shares of Taylor Morrison Home from $36.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, February 11th. Royal Bank of Canada downgraded shares of Taylor Morrison Home from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $31.00 to $27.00 in a research report on Friday, January 8th. Finally, Susquehanna Bancshares lifted their price target on shares of Taylor Morrison Home from $37.00 to $43.00 and gave the company a "positive" rating in a research report on Thursday, February 11th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of "Buy" and an average price target of $34.20.
Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE grew its stake in shares of Taylor Morrison Home by 20.1% during the fourth quarter. US Bancorp DE now owns 4,214 shares of the construction company's stock worth $108,000 after buying an additional 704 shares during the last quarter. Neo Ivy Capital Management grew its stake in shares of Taylor Morrison Home by 89.9% during the third quarter. Neo Ivy Capital Management now owns 6,606 shares of the construction company's stock worth $162,000 after buying an additional 3,128 shares during the last quarter. JustInvest LLC bought a new stake in shares of Taylor Morrison Home during the fourth quarter worth $207,000. Cetera Advisor Networks LLC bought a new stake in shares of Taylor Morrison Home during the fourth quarter worth $230,000. Finally, Sigma Planning Corp bought a new stake in shares of Taylor Morrison Home during the fourth quarter worth $233,000. 92.49% of the stock is currently owned by hedge funds and other institutional investors.
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-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It also offers title insurance and closing settlement services, as well as financial services.
Featured Story: Google Finance Portfolio
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]7 Hotel Stocks Just Waiting For the Vaccine
Like any group of stocks related to travel and tourism, hotel stocks saw a steep drop in share prices in 2020. The leisure and hospitality sector that once had 15 million employees has lost 4 million jobs since February.
Many major cities will be feeling the ripple effects of the Covid-19 pandemic for years. However, there is ample evidence that shows the pandemic may be coming to an end. The number of new cases is dropping. The number of those getting vaccinated is rising. And even in the cities with the most restrictive mitigation measures, the slow process of reopening is beginning.
All of this can’t come fast enough for individuals who rely on the travel and tourism industry for their livelihood. Hotel chains had at least some revenue coming in the door. And when earnings season concludes, the more budget-friendly hotel chains may realize revenue that is 75% of its 2019 numbers. But that is not enough to bring the hotels to anywhere near full employment. Particularly with hotels that have bars and restaurants that have remained closed or open at limited capacity.
Many economists are optimistic that travel may begin to look more normal by the summer of this year. And the global economy may deliver 6.4% GDP growth this year. With that in mind, the hotel chains with the best fundamentals and the broadest footprint will be in the best position as the economy reopens.
View the "7 Hotel Stocks Just Waiting For the Vaccine"