Taylor Morrison Home (NYSE:TMHC) CEO Sells $973,746.78 in 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 business's stock in a transaction on Friday, September 5th. The stock was 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 owned 370,475 shares in the company, valued at approximately $26,696,428.50. The trade was a 3.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 stock was sold at an average price of $70.20, for a total transaction of $1,755,000.00.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock traded down $0.05 during trading hours on Monday, reaching $71.79. The company's stock had a trading volume of 947,876 shares, compared to its average volume of 1,081,964. The firm has a 50 day moving average price of $64.97 and a 200-day moving average price of $60.89. 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 current ratio of 6.54 and a quick ratio of 0.74. The stock has a market cap of $7.21 billion, a P/E ratio of 8.29 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its 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 firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $1.86 EPS. The business's quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $76.88.

Institutional Investors Weigh In On Taylor Morrison Home

Several hedge funds have recently modified their holdings of TMHC. Norges Bank purchased a new stake in shares of Taylor Morrison Home in the 2nd quarter worth approximately $93,627,000. Long Pond Capital LP raised its holdings in shares of Taylor Morrison Home by 132.4% in the second quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company's stock worth $95,913,000 after buying an additional 889,616 shares during the last quarter. Nuveen LLC purchased a new position in shares of Taylor Morrison Home in the first quarter worth $51,329,000. AQR Capital Management LLC raised its holdings in shares of Taylor Morrison Home by 118.0% in the second quarter. AQR Capital Management LLC now owns 1,273,418 shares of the construction company's stock worth $77,933,000 after buying an additional 689,286 shares during the last quarter. Finally, Junto Capital Management LP purchased a new position in shares of Taylor Morrison Home in the first quarter worth $34,007,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

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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