Taylor Morrison Home Co. (NYSE:TMHC) Director David C. Merritt Sells 2,402 Shares

Taylor Morrison Home Co. (NYSE:TMHC) Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded down $1.63 during trading on Wednesday, hitting $62.28. 826,737 shares of the stock traded hands, compared to its average volume of 1,024,923. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $62.85 and a two-hundred day moving average price of $66.35. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 7.52 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. As a group, equities analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Hedge Funds Weigh In On Taylor Morrison Home

A number of hedge funds have recently bought and sold shares of the business. Raymond James & Associates raised its stake in shares of Taylor Morrison Home by 8.4% during the 3rd quarter. Raymond James & Associates now owns 62,313 shares of the construction company’s stock worth $4,378,000 after buying an additional 4,822 shares during the period. International Assets Investment Management LLC raised its position in Taylor Morrison Home by 6,926.2% during the third quarter. International Assets Investment Management LLC now owns 10,188 shares of the construction company’s stock worth $716,000 after acquiring an additional 10,043 shares during the period. Ballentine Partners LLC purchased a new position in Taylor Morrison Home during the third quarter valued at $202,000. State of Alaska Department of Revenue grew its position in shares of Taylor Morrison Home by 4.4% in the third quarter. State of Alaska Department of Revenue now owns 12,108 shares of the construction company’s stock valued at $850,000 after purchasing an additional 505 shares during the period. Finally, Sippican Capital Advisors purchased a new stake in shares of Taylor Morrison Home during the third quarter worth about $246,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TMHC shares. Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Seaport Res Ptn lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. JPMorgan Chase & Co. dropped their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.43.

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.