Darrell Sherman Sells 68,433 Shares of Taylor Morrison Home Co. (NYSE:TMHC) Stock

Taylor Morrison Home Co. (NYSE:TMHC) EVP Darrell Sherman sold 68,433 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the completion of the transaction, the executive vice president now owns 109,217 shares in the company, valued at $7,699,798.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, October 28th, Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00.

Taylor Morrison Home Trading Down 1.3 %

TMHC opened at $68.50 on Friday. Taylor Morrison Home Co. has a twelve month low of $37.64 and a twelve month high of $71.95. The company has a 50-day simple moving average of $68.00 and a 200 day simple moving average of $61.98. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 9.80 and a beta of 1.96.

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

Wall Street Analysts Forecast Growth

TMHC has been the topic of several research reports. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Barclays upped 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 note on Thursday, October 24th. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada upped 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 note on Thursday, October 24th. Finally, Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TMHC. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home in the third quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home in the second quarter worth about $31,000. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the third quarter worth about $34,000. UMB Bank n.a. lifted its holdings in shares of Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after acquiring an additional 388 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of Taylor Morrison Home in the first quarter worth about $82,000. Institutional investors own 95.16% 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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.