Taylor Morrison Home Corporation (TMHC) Insider Group Holdings (Sbs) Advis Tpg Sells 1,499,732 Shares

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

Shares of Taylor Morrison Home Corporation (TMHC) traded up $0.40 during trading on Friday, hitting $27.74. 1,724,630 shares of the stock traded hands, compared to its average volume of 2,216,470. Taylor Morrison Home Corporation has a fifty-two week low of $18.26 and a fifty-two week high of $28.42. 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 cap of $3,268.69, a PE ratio of 15.08, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. The firm had revenue of $908.00 million during the quarter, compared to analysts’ expectations of $914.19 million. Taylor Morrison Home had a net margin of 2.41% and a return on equity of 4.18%. Taylor Morrison Home’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. analysts expect 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 authorized a share buyback program on Wednesday, January 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Several brokerages have recently issued reports on TMHC. BidaskClub cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Zacks Investment Research cut shares of Taylor Morrison Home from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Wells Fargo & Co upgraded shares of Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Friday, January 5th. Citigroup upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, January 2nd. Finally, B. Riley restated a “neutral” rating on shares of Taylor Morrison Home in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Taylor Morrison Home currently has a consensus rating of “Hold” and a consensus target price of $27.57.

A number of large investors have recently modified their holdings of TMHC. Vanguard Group Inc. boosted its stake in Taylor Morrison Home by 72.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock worth $168,834,000 after purchasing an additional 2,962,990 shares during the period. BlackRock Inc. boosted its stake in Taylor Morrison Home by 51.5% during the 2nd quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock worth $158,111,000 after purchasing an additional 2,239,679 shares during the period. Dimensional Fund Advisors LP boosted its stake in Taylor Morrison Home by 76.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,501,577 shares of the construction company’s stock worth $84,072,000 after purchasing an additional 1,519,523 shares during the period. Goldman Sachs Group Inc. boosted its stake in Taylor Morrison Home by 323.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,917,434 shares of the construction company’s stock worth $46,038,000 after purchasing an additional 1,465,003 shares during the period. Finally, Greenhaven Associates Inc. boosted its stake in Taylor Morrison Home by 94.9% during the 3rd quarter. Greenhaven Associates Inc. now owns 2,526,244 shares of the construction company’s stock worth $55,704,000 after purchasing an additional 1,229,844 shares during the period. Hedge funds and other institutional investors own 59.04% 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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