Insider Selling: Taylor Morrison Home Corporation (NYSE:TMHC) CFO Sells 9,754 Shares of Stock

Key Points

• CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home for approximately $636,155.88, reducing his ownership by about 40.78% and leaving him with 14,163 shares valued at around $923,710.86.
• Taylor Morrison Home reported $2.02 EPS for the last quarter, beating estimates by $0.08, and its revenue was approximately $2.03 billion, exceeding expectations of $1.93 billion.
• Analysts have a consensus rating of "Buy" for Taylor Morrison Home, with a target price of $76.88, amidst varying ratings from different brokerages.

Taylor Morrison Home Corporation (NYSE:TMHC - Get Free Report) CFO Curtis Vanhyfte sold 9,754 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the transaction, the chief financial officer owned 14,163 shares in the company, valued at approximately $923,710.86. This represents a 40.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Taylor Morrison Home Price Performance

NYSE:TMHC traded up $2.17 during mid-day trading on Wednesday, reaching $68.26. The stock had a trading volume of 230,820 shares, compared to its average volume of 1,063,762. The firm has a 50 day moving average price of $61.69 and a two-hundred day moving average price of $60.40. The stock has a market capitalization of $6.85 billion, a P/E ratio of 7.87 and a beta of 1.53. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, beating the consensus estimate 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 previous year, the company posted $1.86 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. As a group, analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TMHC. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Bank of America assumed coverage on Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective for the company. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Finally, Barclays set a $69.00 target price on Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $76.88.

Institutional Trading of Taylor Morrison Home

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC raised its holdings in shares of Taylor Morrison Home by 258.4% during the fourth quarter. LPL Financial LLC now owns 57,173 shares of the construction company's stock valued at $3,500,000 after acquiring an additional 41,219 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Taylor Morrison Home by 3.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 166,145 shares of the construction company's stock valued at $10,170,000 after acquiring an additional 5,319 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Taylor Morrison Home by 24.3% during the fourth quarter. Russell Investments Group Ltd. now owns 151,142 shares of the construction company's stock valued at $9,251,000 after acquiring an additional 29,531 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Taylor Morrison Home by 2.1% during the fourth quarter. Federated Hermes Inc. now owns 212,529 shares of the construction company's stock valued at $13,009,000 after acquiring an additional 4,322 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Taylor Morrison Home by 19.8% during the fourth quarter. Cerity Partners LLC now owns 21,196 shares of the construction company's stock valued at $1,362,000 after acquiring an additional 3,507 shares in the last quarter. Institutional investors 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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.