FY2024 Earnings Forecast for TMHC Issued By Seaport Res Ptn

Taylor Morrison Home Co. (NYSE:TMHC) – Research analysts at Seaport Res Ptn issued their FY2024 earnings estimates for Taylor Morrison Home in a report released on Monday, November 4th. Seaport Res Ptn analyst K. Zener forecasts that the construction company will earn $8.45 per share for the year. The consensus estimate for Taylor Morrison Home’s current full-year earnings is $8.44 per share. Seaport Res Ptn also issued estimates for Taylor Morrison Home’s Q4 2024 earnings at $2.37 EPS and FY2025 earnings at $8.66 EPS.

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

TMHC has been the subject of a number of other research reports. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays lifted their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. BTIG Research boosted their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.33.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $73.35 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The stock has a market capitalization of $7.59 billion, a P/E ratio of 9.70 and a beta of 1.96. Taylor Morrison Home has a 1 year low of $41.99 and a 1 year high of $73.74. The company’s fifty day moving average price is $68.44 and its 200 day moving average price is $62.67.

Institutional Trading of Taylor Morrison Home

Hedge funds and other institutional investors have recently made changes to their positions in the company. Forum Financial Management LP increased its position in Taylor Morrison Home by 3.9% in the 2nd quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock valued at $246,000 after acquiring an additional 165 shares during the period. Resonant Capital Advisors LLC lifted its holdings in shares of Taylor Morrison Home by 2.1% during the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock worth $640,000 after purchasing an additional 191 shares during the period. TCW Group Inc. increased its stake in Taylor Morrison Home by 0.4% in the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock valued at $2,894,000 after buying an additional 213 shares during the period. Arizona State Retirement System raised its position in Taylor Morrison Home by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock worth $1,652,000 after buying an additional 266 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its position in Taylor Morrison Home by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 14,831 shares of the construction company’s stock valued at $822,000 after purchasing an additional 267 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the sale, the director now directly owns 2,136,241 shares in the company, valued at $153,980,251.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the transaction, the director now owns 2,136,241 shares in the company, valued at $153,980,251.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Darrell Sherman sold 68,433 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total value of $4,824,526.50. Following the transaction, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at approximately $7,699,798.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,337 shares of company stock worth $7,356,683 over the last quarter. 3.50% of the stock is currently owned by company insiders.

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.