About Taylor Morrison Home Corporation (NYSE:TMHC)
Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title). It operates under the Taylor Morrison and Darling Homes brand names. The Company also provides financial services to customers through its mortgage subsidiary, TMHF, and title insurance and closing settlement services through its title company, Inspired Title.
Industry, Sector and Symbol:
- Industry: Homebuilding
- Sub-Industry: N/A
- Sector: Construction
- Symbol: NYSE:TMHC
- CUSIP: N/A
- Web: www.taylormorrison.com
- Debt-to-Equity Ratio: 0.63%
- Current Ratio: 6.85%
- Quick Ratio: 0.81%
Sales & Book Value:
- Trailing P/E Ratio: 12.72
- Forward P/E Ratio: 13.07
- P/E Growth: 1.07
- Annual Sales: $3.55 billion
- Price / Sales: 0.81
- Cash Flow: $0.53 per share
- Price / Cash: 44.94
- Book Value: $19.36 per share
- Price / Book: 1.24
- Trailing EPS: $1.84
- Net Income: $52.61 million
- Net Margins: 2.41%
- Return on Equity: 4.18%
- Return on Assets: 2.21%
- Employees: 1,800
- Outstanding Shares: 119,560,000
Frequently Asked Questions for Taylor Morrison Home Corporation (NYSE:TMHC)
What is Taylor Morrison Home Corporation's stock symbol?
Taylor Morrison Home Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "TMHC."
How were Taylor Morrison Home Corporation's earnings last quarter?
Taylor Morrison Home Corporation (NYSE:TMHC) posted its quarterly earnings results on Wednesday, November, 1st. The construction company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. The construction company had revenue of $908 million for the quarter, compared to analysts' expectations of $914.19 million. Taylor Morrison Home Corporation had a return on equity of 4.18% and a net margin of 2.41%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 earnings per share. View Taylor Morrison Home Corporation's Earnings History.
When will Taylor Morrison Home Corporation make its next earnings announcement?
Where is Taylor Morrison Home Corporation's stock going? Where will Taylor Morrison Home Corporation's stock price be in 2017?
5 equities research analysts have issued 12 month price objectives for Taylor Morrison Home Corporation's stock. Their predictions range from $21.00 to $27.00. On average, they expect Taylor Morrison Home Corporation's stock price to reach $23.25 in the next year. View Analyst Ratings for Taylor Morrison Home Corporation.
What are Wall Street analysts saying about Taylor Morrison Home Corporation stock?
Here are some recent quotes from research analysts about Taylor Morrison Home Corporation stock:
- 1. According to Zacks Investment Research, "Taylor Morrison Home Corporation is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers, move-up families to luxury and active adult customers. The company operates under the Taylor Morrison brand, Monarch brand and Darling Homes brand. It operates in Arizona, California, Colorado, Florida and Texas. Taylor Morrison Home Corporation is headquartered in Scottsdale, Arizona. " (8/5/2017)
- 2. FBR & Co analysts commented, "On February 8, Taylor Morrison announced 4Q16 results that were ahead of expectations, including home closing sales of $1.15B and adjusted EPS of $0.65 (versus consensus of $0.59) aided by the pulling forward of home closings in December from January. This quarter marked the end of a two-year planned transformation and investments at the company, with a focus now on driving EBIT and improving ROE. Along with its strong balance sheet and liquidity, we believe the company is well positioned to execute on its four pillars strategy. We are updating our estimates for 2017 and introducing our initial 2018 estimates. We are also modestly raising our price target to $21 (from $20) as we roll forward our valuation multiple to 2017 estimates, but we are downgrading the shares to Market Perform (from Outperform) due to the limited upside to our price target." (2/14/2017)
- 3. BTIG Research analysts commented, "TMHC's focus is Sunbelt move-up. Now out of Canada, the company has reinvested capital in the Southeast. There is work to be done on per-store absorption rates (down for 4 years) and gross margins (down for 3). TMHC's relative local scale is modest but a low-cost land base may help. For now, we sit on the sidelines to await structural improvements, even with shares near book value." (2/7/2017)
Are investors shorting Taylor Morrison Home Corporation?
Taylor Morrison Home Corporation saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,583,870 shares, an increase of 41.3% from the October 13th total of 1,120,685 shares. Based on an average daily trading volume, of 962,993 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.2% of the shares of the company are sold short.
Who are some of Taylor Morrison Home Corporation's key competitors?
Some companies that are related to Taylor Morrison Home Corporation include The Berkeley Group Holdings plc (BKG), Bellway p.l.c. (BWY), KB Home (KBH), Redrow plc (RDW), Ryland Group (RYL), Countryside Properties PLC (CSP), Bovis Homes Group plc (BVS), LGI Homes (LGIH), Crest Nicholson Holdings plc (CRST), Beazer Homes USA (BZH), Green Brick Partners (GRBK), PICO Holdings (PICO), Telford Homes plc (TEF) and New Home Company Inc. (The) (NWHM).
Who are Taylor Morrison Home Corporation's key executives?
Taylor Morrison Home Corporation's management team includes the folowing people:
- Sheryl D. Palmer, President, Chief Executive Officer, Director
- C. David Cone, Chief Financial Officer, Executive Vice President
- Darrell C. Sherman, Executive Vice President, Chief Legal Officer, Secretary
- Kelvin L. Davis, Director
- Jason Keller, Director
- James A. Sholem, Director
- Rajath Shourie, Director
- James Henry, Independent Director
Who owns Taylor Morrison Home Corporation stock?
Taylor Morrison Home Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (3.83%), Greenhaven Associates Inc. (3.48%), NWQ Investment Management Company LLC (1.87%), JPMorgan Chase & Co. (2.94%), Prudential Financial Inc. (2.31%) and Wells Fargo & Company MN (0.74%). Company insiders that own Taylor Morrison Home Corporation stock include Anne L Mariucci, C David Cone, Group Holdings (Sbs) Advis Tpg, Joseph Terracciano and Sheryl Palmer. View Institutional Ownership Trends for Taylor Morrison Home Corporation.
Who sold Taylor Morrison Home Corporation stock? Who is selling Taylor Morrison Home Corporation stock?
Taylor Morrison Home Corporation's stock was sold by a variety of institutional investors in the last quarter, including Highbridge Capital Management LLC, Chicago Equity Partners LLC, Cornerstone Capital Management Holdings LLC., Prudential Financial Inc., Russell Investments Group Ltd., Quantbot Technologies LP, Strs Ohio and Monarch Partners Asset Management LLC. View Insider Buying and Selling for Taylor Morrison Home Corporation.
Who bought Taylor Morrison Home Corporation stock? Who is buying Taylor Morrison Home Corporation stock?
Taylor Morrison Home Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Greenhaven Associates Inc., Dimensional Fund Advisors LP, First Quadrant L P CA, New York State Common Retirement Fund, Los Angeles Capital Management & Equity Research Inc., American Century Companies Inc., Schwab Charles Investment Management Inc. and Schroder Investment Management Group. Company insiders that have bought Taylor Morrison Home Corporation stock in the last two years include Anne L Mariucci, C David Cone, Group Holdings (Sbs) Advis Tpg, Joseph Terracciano and Sheryl Palmer. View Insider Buying and Selling for Taylor Morrison Home Corporation.
How do I buy Taylor Morrison Home Corporation stock?
Shares of Taylor Morrison Home Corporation can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Taylor Morrison Home Corporation's stock price today?
One share of Taylor Morrison Home Corporation stock can currently be purchased for approximately $24.04.
How big of a company is Taylor Morrison Home Corporation?
Taylor Morrison Home Corporation has a market capitalization of $2.83 billion and generates $3.55 billion in revenue each year. The construction company earns $52.61 million in net income (profit) each year or $1.84 on an earnings per share basis. Taylor Morrison Home Corporation employs 1,800 workers across the globe.
How can I contact Taylor Morrison Home Corporation?
Taylor Morrison Home Corporation's mailing address is 4900 N. SCOTTSDALE ROAD SUITE 2000, SCOTTSDALE AZ, 85251. The construction company can be reached via phone at 480-840-8100 or via email at [email protected]
MarketBeat Community Rating for Taylor Morrison Home Corporation (NYSE TMHC)MarketBeat's community ratings are surveys of what our community members think about Taylor Morrison Home Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Taylor Morrison Home Corporation (NYSE:TMHC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 4 Hold Ratings, 1 Buy Rating, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.20)|
|Consensus Price Target: ||$23.25 (3.29% downside)|
Consensus Price Target History for Taylor Morrison Home Corporation (NYSE:TMHC)
Analysts' Ratings History for Taylor Morrison Home Corporation (NYSE:TMHC)
(Data available from 11/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/2/2017||B. Riley||Reiterated Rating||Neutral||N/A|
|8/7/2017||Deutsche Bank AG||Boost Price Target||Buy||$25.00 -> $27.00||Low|
|4/28/2017||FBR & Co||Boost Price Target||Mkt Perform||$21.00 -> $23.00||Low|
|3/7/2017||Barclays PLC||Reiterated Rating||Equal Weight||$21.00 -> $22.00||N/A|
|2/7/2017||BTIG Research||Initiated Coverage||Neutral||N/A|
|12/8/2016||Gabelli||Downgrade||Buy -> Hold||$21.00||N/A|
|9/29/2016||Wells Fargo & Company||Initiated Coverage||Market Perform||N/A|
|8/5/2016||J P Morgan Chase & Co||Boost Price Target||Neutral||$16.50 -> $17.00||N/A|
|8/4/2016||Citigroup Inc.||Boost Price Target||Neutral||$15.50 -> $17.00||N/A|
|8/4/2016||Susquehanna Bancshares Inc||Downgrade||Positive -> Neutral||N/A|
|7/12/2016||Credit Suisse Group||Reiterated Rating||Buy||N/A|
Earnings History and Estimates Chart for Taylor Morrison Home Corporation (NYSE:TMHC)
Earnings History by Quarter for Taylor Morrison Home Corporation (NYSE TMHC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/1/2017||Q3 2017||$0.41||$0.45||$914.19 million||$908.00 million||View||N/A|
|8/2/2017||Q2 2017||$0.38||$0.46||$849.70 million||$908.49 million||View||Listen|
|4/27/2017||Q1 2017||$0.28||$0.30||$742.08 million||$769.09 million||View||N/A|
|1/31/2017||Q416||$0.59||$0.65||$1.08 billion||$1.20 billion||View||Listen|
|11/2/2016||Q316||$0.46||$0.49||$862.21 million||$853.00 million||View||Listen|
|8/3/2016||Q216||$0.33||$0.37||$793.63 million||$854.30 million||View||Listen|
|5/4/2016||Q116||$0.22||$0.21||$605.58 million||$645.30 million||View||Listen|
|2/3/2016||Q415||$0.54||$0.54||$984.99 million||$970.00 million||View||Listen|
|11/4/2015||Q315||$0.40||$0.37||$812.19 million||$796.00 million||View||Listen|
|8/5/2015||Q215||$0.31||$0.33||$660.08 million||$701.00 million||View||Listen|
|5/6/2015||Q115||$0.27||$0.33||$531.17 million||$509.00 million||View||Listen|
|2/4/2015||Q414||$0.75||$0.84||$1.09 billion||$1,000.00 million||View||Listen|
|11/5/2014||Q314||$0.50||$0.54||$754.80 million||$759.00 million||View||Listen|
|8/5/2014||Q214||$0.36||$0.45||$610.37 million||$657.80 million||View||Listen|
|5/7/2014||Q114||$0.27||$0.33||$512.60 million||$519.20 million||View||Listen|
|2/12/2014||Q413||$0.53||$0.79||$714.68 million||$798.40 million||View||Listen|
|11/12/2013||Q313||$0.39||$0.43||$583.66 million||$634.44 million||View||Listen|
|8/13/2013||Q2 2013||($0.26)||$0.16||$493.40 million||$508.87 million||View||Listen|
|5/14/2013||Q1 2013||$0.09||$0.03||$378.57 million||$381.51 million||View||Listen|
Earnings Estimates for Taylor Morrison Home Corporation (NYSE:TMHC)
Current Year EPS Consensus Estimate: $1.84 EPS
Next Year EPS Consensus Estimate: $2.25 EPS
Dividend History for Taylor Morrison Home Corporation (NYSE:TMHC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Taylor Morrison Home Corporation (NYSE TMHC)
Insider Ownership Percentage: 2.40%
Institutional Ownership Percentage: 59.29%
Insider Trades by Quarter for Taylor Morrison Home Corporation (NYSE TMHC)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/1/2017||C. David Cone||Insider||Sell||35,000||$23.79||$832,650.00|| |
|10/5/2017||C. David Cone||Insider||Sell||20,000||$22.83||$456,600.00|| |
|2/19/2016||Group Holdings (Sbs) Advis Tpg||Major Shareholder||Buy||332,332||$13.18||$4,380,135.76|| |
|2/16/2016||Group Holdings (Sbs) Advis Tpg||Major Shareholder||Buy||527,400||$11.92||$6,286,608.00|| |
|2/10/2016||Group Holdings (Sbs) Advis Tpg||Major Shareholder||Buy||640,000||$11.58||$7,411,200.00|| |
|2/9/2016||C. David Cone||CFO||Buy||2,200||$11.31||$24,882.00|| |
|2/9/2016||Joseph Terracciano||CAO||Buy||51||$11.75||$599.25|| |
|2/8/2016||Anne L Mariucci||Director||Buy||8,925||$11.28||$100,674.00|| |
|2/8/2016||Sheryl Palmer||CEO||Buy||7,500||$11.35||$85,125.00|| |
|8/8/2014||C. David Cone||CFO||Buy||5,600||$17.91||$100,296.00|| |
|8/19/2013||Tawn Kelley||Insider||Buy||1,220||$20.50||$25,010.00|| |
|8/16/2013||Sheryl Palmer||CEO||Buy||5,000||$20.50||$102,500.00|| |
|6/6/2013||Louis Steffens||Insider||Buy||4,000||$23.51||$94,040.00|| |
|5/17/2013||Sheryl Palmer||CEO||Buy||2,000||$25.57||$51,140.00|| |
|4/29/2013||Tawn Kelley||Insider||Buy||2,100||$26.18||$54,978.00|| |
Latest Headlines for Taylor Morrison Home Corporation (NYSE TMHC)
Taylor Morrison Home Corporation (NYSE TMHC) Chart for Wednesday, November, 22, 2017