Insider Selling: Taylor Morrison Home Corporation (TMHC) Insider Sells 1,499,732 Shares of Stock

Taylor Morrison Home Corporation (NYSE:TMHC) insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total value of $40,702,726.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Taylor Morrison Home Corporation (TMHC) traded up $0.40 during trading hours on Friday, hitting $27.74. The stock had a trading volume of 1,724,630 shares, compared to its average volume of 3,379,377. The stock has a market capitalization of $3,315.31, a P/E ratio of 15.08, a P/E/G ratio of 0.92 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85. Taylor Morrison Home Corporation has a twelve month low of $18.26 and a twelve month high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data 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. The business had revenue of $908.00 million during the quarter, compared to the consensus estimate of $914.19 million. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. research analysts forecast that Taylor Morrison Home Corporation will post 1.86 earnings per share for the current year.

Taylor Morrison Home announced that its Board of Directors has approved a share buyback plan on Wednesday, January 3rd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Taylor Morrison Home by 13.0% in the third quarter. Bank of New York Mellon Corp now owns 356,953 shares of the construction company’s stock valued at $7,871,000 after acquiring an additional 40,989 shares during the last quarter. BlackRock Inc. boosted its holdings in Taylor Morrison Home by 51.5% in the second quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock valued at $158,111,000 after acquiring an additional 2,239,679 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Taylor Morrison Home by 162.3% in the second quarter. TIAA CREF Investment Management LLC now owns 447,569 shares of the construction company’s stock valued at $10,746,000 after acquiring an additional 276,939 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Taylor Morrison Home in the second quarter valued at $1,410,000. Finally, Wells Fargo & Company MN boosted its holdings in Taylor Morrison Home by 17.1% in the third quarter. Wells Fargo & Company MN now owns 536,937 shares of the construction company’s stock valued at $11,839,000 after acquiring an additional 78,602 shares during the last quarter. 59.04% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. Wedbush reissued a “neutral” rating and set a $27.00 price target on shares of Taylor Morrison Home in a research report on Friday, January 12th. Barclays set a $27.00 price target on Taylor Morrison Home and gave the stock a “hold” rating in a research report on Monday, January 8th. Susquehanna Bancshares raised Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research report on Thursday, January 4th. UBS Group raised Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research report on Thursday, January 4th. Finally, Zacks Investment Research downgraded Taylor Morrison Home from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Taylor Morrison Home presently has a consensus rating of “Hold” and a consensus target price of $27.57.

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About Taylor Morrison Home

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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