Taylor Morrison Home Corp (NASDAQ:TMHC) insider C. David Cone sold 35,000 shares of Taylor Morrison Home Corp stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $23.79, for a total transaction of $832,650.00. Following the transaction, the insider now owns 42,511 shares of the company’s stock, valued at $1,011,336.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

C. David Cone also recently made the following trade(s):

  • On Thursday, October 5th, C. David Cone sold 20,000 shares of Taylor Morrison Home Corp stock. The shares were sold at an average price of $22.83, for a total transaction of $456,600.00.

Taylor Morrison Home Corp (NASDAQ:TMHC) last posted its earnings results on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The company had revenue of $908.00 million during the quarter, compared to analysts’ expectations of $914.19 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. Taylor Morrison Home Corp’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Taylor Morrison Home Corp announced that its board has approved a share buyback plan on Monday, September 18th that permits the company to buyback $43.60 million in shares. This buyback authorization permits the construction company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

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A number of large investors have recently bought and sold shares of TMHC. BlackRock Inc. lifted its position in Taylor Morrison Home Corp by 148,720.2% during the first quarter. BlackRock Inc. now owns 4,345,551 shares of the construction company’s stock valued at $92,647,000 after acquiring an additional 4,342,631 shares during the last quarter. Vanguard Group Inc. lifted its position in Taylor Morrison Home Corp by 72.8% during the second quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock valued at $168,834,000 after acquiring an additional 2,962,990 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Taylor Morrison Home Corp by 76.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,501,577 shares of the construction company’s stock valued at $84,072,000 after acquiring an additional 1,519,523 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Taylor Morrison Home Corp by 323.8% during the second quarter. Goldman Sachs Group Inc. now owns 1,917,434 shares of the construction company’s stock valued at $46,038,000 after acquiring an additional 1,465,003 shares during the last quarter. Finally, Greenhaven Associates Inc. lifted its position in Taylor Morrison Home Corp by 94.9% during the third quarter. Greenhaven Associates Inc. now owns 2,526,244 shares of the construction company’s stock valued at $55,704,000 after acquiring an additional 1,229,844 shares during the last quarter.

Several research firms have recently issued reports on TMHC. BidaskClub upgraded shares of Taylor Morrison Home Corp from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Deutsche Bank AG boosted their price objective on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Zacks Investment Research lowered shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Taylor Morrison Home Corp currently has an average rating of “Buy” and a consensus price target of $24.00.

Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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