Taylor Morrison Home (NYSE:TMHC) announced that its board has initiated a share repurchase program, which authorizes the company to repurchase $200.00 million in shares on Wednesday, January 3rd, EventVestor reports. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. ValuEngine lowered shares of Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. UBS Group raised shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research report on Thursday. Citigroup raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday. Finally, Susquehanna Bancshares raised shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $25.80.

Shares of Taylor Morrison Home (TMHC) traded up $1.61 during mid-day trading on Thursday, reaching $26.56. The company’s stock had a trading volume of 2,624,900 shares, compared to its average volume of 1,921,650. Taylor Morrison Home has a one year low of $18.26 and a one year high of $26.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85. The firm has a market capitalization of $3,130.00, a P/E ratio of 42.84, a PEG ratio of 0.91 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The company had revenue of $908.00 million for the quarter, compared to the consensus estimate of $914.19 million. During the same quarter last year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. sell-side analysts expect that Taylor Morrison Home will post 1.84 earnings per share for the current fiscal year.

In other Taylor Morrison Home news, insider C. David Cone sold 35,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was 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 in the company, valued at $1,011,336.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

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Taylor Morrison Home 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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