Taylor Morrison Home Co. (NYSE:TMHC) CAO Joseph Terracciano Sells 1,537 Shares

Taylor Morrison Home Co. (NYSE:TMHC) CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Taylor Morrison Home Price Performance

NYSE TMHC traded down $0.90 during trading hours on Wednesday, reaching $59.55. The company’s stock had a trading volume of 1,351,500 shares, compared to its average volume of 1,065,489. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The company’s 50-day moving average is $62.92 and its two-hundred day moving average is $66.19. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The stock has a market cap of $6.06 billion, a PE ratio of 7.19 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds have recently bought and sold shares of the stock. Arcus Capital Partners LLC acquired a new stake in shares of Taylor Morrison Home during the third quarter valued at $318,000. Aigen Investment Management LP acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter worth about $789,000. MQS Management LLC purchased a new stake in shares of Taylor Morrison Home during the third quarter worth about $768,000. KBC Group NV raised its position in shares of Taylor Morrison Home by 20.8% in the third quarter. KBC Group NV now owns 3,121 shares of the construction company’s stock valued at $219,000 after buying an additional 538 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of Taylor Morrison Home during the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.