Darrell Sherman Sells 26,757 Shares of Taylor Morrison Home Co. (NYSE:TMHC) Stock

Taylor Morrison Home Co. (NYSE:TMHC) EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the sale, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,645,190. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Darrell Sherman also recently made the following trade(s):

• On Wednesday, October 30th, Darrell Sherman sold 68,433 shares of Taylor Morrison Home stock. The shares were sold at an average price of $70.50, for a total transaction of $4,824,526.50.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $68.50 on Friday. Taylor Morrison Home Co. has a 1-year low of $37.64 and a 1-year high of $71.95. The stock has a market cap of $7.24 billion, a PE ratio of 9.80 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The firm has a fifty day moving average price of $68.00 and a 200 day moving average price of $61.98.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $1.62 earnings per share. Taylor Morrison Home’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.27 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on TMHC shares. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price target for the company from $65.00 to $85.00 in a research report on Friday, October 25th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Barclays raised their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Institutional Investors Weigh In On Taylor Morrison Home

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wedge Capital Management L L P NC increased its stake in Taylor Morrison Home by 1,910.4% in the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after purchasing an additional 691,711 shares during the period. Assenagon Asset Management S.A. increased its stake in Taylor Morrison Home by 271.0% in the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock valued at $62,955,000 after purchasing an additional 654,541 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Taylor Morrison Home by 4,586.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after purchasing an additional 649,230 shares during the period. Lord Abbett & CO. LLC increased its stake in Taylor Morrison Home by 203.0% in the first quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock valued at $27,400,000 after purchasing an additional 295,256 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Taylor Morrison Home by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock valued at $12,648,000 after purchasing an additional 114,034 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

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.