Insider Selling: Taylor Morrison Home (NYSE:TMHC) CEO Sells 13,513 Shares of Stock

Key Points

• Taylor Morrison Home CEO Sheryl Palmer sold 13,513 shares of the company's stock for approximately $973,747, reducing her total holdings by 3.52%.
• The company's recent earnings report showed an EPS of $2.02, exceeding analysts' expectations and reflecting a 2% increase in revenue year-over-year.
• Despite mixed analyst ratings, Taylor Morrison Home has a market capitalization of $7.21 billion and is currently rated as an average "Buy" with a price target of $76.88.

Taylor Morrison Home Corporation (NYSE:TMHC - Get Free Report) CEO Sheryl Palmer sold 13,513 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the sale, the chief executive officer directly owned 370,475 shares of the company's stock, valued at $26,696,428.50. This trade represents a 3.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Sheryl Palmer also recently made the following trade(s):

• On Friday, August 22nd, Sheryl Palmer sold 25,000 shares of Taylor Morrison Home stock. The shares were sold at an average price of $70.20, for a total transaction of $1,755,000.00.

Taylor Morrison Home Stock Down 2.0%

NYSE:TMHC traded down $1.44 during trading hours on Friday, hitting $69.69. The stock had a trading volume of 1,231,616 shares, compared to its average volume of 1,059,592. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The business has a 50 day simple moving average of $65.66 and a two-hundred day simple moving average of $61.20. The company has a market cap of $6.99 billion, a PE ratio of 8.05 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 net margin of 10.72% and a return on equity of 16.22%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company earned $1.86 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. 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. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $76.88.

Hedge Funds Weigh In On Taylor Morrison Home

A number of hedge funds have recently added to or reduced their stakes in TMHC. Atlantic Union Bankshares Corp acquired a new position in Taylor Morrison Home in the second quarter worth $28,000. Morse Asset Management Inc acquired a new position in Taylor Morrison Home in the fourth quarter worth $29,000. AlphaCore Capital LLC acquired a new position in Taylor Morrison Home in the second quarter worth $37,000. GAMMA Investing LLC boosted its holdings in Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after purchasing an additional 444 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after purchasing an additional 262 shares during the period. 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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.