Sheryl Palmer Sells 112,500 Shares of Taylor Morrison Home Co. (NYSE:TMHC) Stock

Taylor Morrison Home Co. (NYSE:TMHC) CEO Sheryl Palmer sold 112,500 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $46.01, for a total transaction of $5,176,125.00. Following the sale, the chief executive officer now directly owns 399,942 shares of the company’s stock, valued at approximately $18,401,331.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Taylor Morrison Home Stock Up 2.5 %

NYSE TMHC opened at $46.74 on Friday. The business’s fifty day simple moving average is $47.78 and its 200-day simple moving average is $43.62. The company has a quick ratio of 1.49, a current ratio of 6.13 and a debt-to-equity ratio of 0.47. The firm has a market cap of $5.12 billion, a PE ratio of 5.14 and a beta of 1.75. Taylor Morrison Home Co. has a 52 week low of $22.64 and a 52 week high of $52.09.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, July 26th. The construction company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.43. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.71 billion. Taylor Morrison Home had a net margin of 12.25% and a return on equity of 22.24%. Taylor Morrison Home’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.27 earnings per share. As a group, equities analysts anticipate that Taylor Morrison Home Co. will post 7.05 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on TMHC shares. Seaport Res Ptn reiterated a “neutral” rating on shares of Taylor Morrison Home in a research note on Wednesday, June 14th. StockNews.com began coverage on Taylor Morrison Home in a research report on Thursday, August 17th. They set a “buy” rating for the company. Credit Suisse Group raised their price objective on Taylor Morrison Home from $47.00 to $56.00 in a report on Thursday, July 27th. Wedbush upped their target price on shares of Taylor Morrison Home from $45.00 to $61.00 in a report on Wednesday, June 28th. Finally, Barclays raised their price target on shares of Taylor Morrison Home from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 27th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $47.93.

Institutional Trading of Taylor Morrison Home

Several institutional investors have recently made changes to their positions in the company. Virginia Retirement Systems ET AL purchased a new stake in Taylor Morrison Home in the 2nd quarter valued at about $13,724,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Taylor Morrison Home by 10.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 20,117 shares of the construction company’s stock valued at $981,000 after acquiring an additional 1,871 shares during the period. Legato Capital Management LLC lifted its holdings in shares of Taylor Morrison Home by 41.2% in the 2nd quarter. Legato Capital Management LLC now owns 40,193 shares of the construction company’s stock worth $1,960,000 after acquiring an additional 11,730 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Taylor Morrison Home by 15.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 596,690 shares of the construction company’s stock worth $29,101,000 after purchasing an additional 77,783 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Taylor Morrison Home by 64.3% in the 2nd quarter. Wells Fargo & Company MN now owns 66,539 shares of the construction company’s stock valued at $3,245,000 after purchasing an additional 26,040 shares during the last quarter. Hedge funds and other institutional investors own 95.32% 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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.