According to Bloomberg, the nine brokerages following Taylor Morrison Home Co. (NYSE: TMHC) have provided the stock with a rating of “Hold,” which represents the consensus recommendation for the stock. Two equity research specialists advise considering a stock purchase, while the other three say the stock should be held off-market for the time being. $31.92 per share is the average price target that analysts who have written research on the stock in the preceding year have assigned to the stock for the next twelve months, and they have assigned this price target to the stock.
Recently, the stock has been discussed in the commentary of several different research professionals. B. Riley decreased their price target on shares of Taylor Morrison Home from $26.00 to $25.00 in a report issued on Thursday, October 27. In a research report distributed on Wednesday, December 14, Barclays increased their price objective for Taylor Morrison Home from $30.00 to $35.00. In a report that was made public on November 22, JPMorgan Chase & Co. stated that the price objective they had assigned to Taylor Morrison Home was $29.50. This price objective had previously been raised from $29.50 to $39.50. Taylor Morrison Home was rated “neutral” by BTIG Research in a report published on Thursday, October 27. This is a step down from their previous recommendation of “buying” the stock, which was made clear in the report’s title. StockNews.com changed the rating for Taylor Morrison Home on Tuesday, January 10, from “hold” to “buy” in a report made public that day.
According to what was published in the news about Taylor Morrison Home, on January 4, director David C. Merritt sold 8,737 shares of the company’s stock. The company disclosed this information. The shares were sold for a total price of $279,584.00, corresponding to an average price of $32 per share. Following the conclusion of the sale, the director is now directly in possession of 2,402 company shares, which have a combined value of $76,864. A document containing the information given to the Securities and Exchange Commission regarding the transaction can be found on this website. The document contains all of the information that was given to the SEC. Darrell Sherman, the Executive Vice President of Taylor Morrison Home, sold 8,782 shares of the company’s stock on Tuesday, December 13. The total amount obtained from the sale of the shares was 283,746.42 dollars, equivalent to an average price of $32.31 per share. As a direct consequence of the sale, the executive vice president now has direct control over 100,506 shares of the company’s stock. These shares have a combined value of $3,247,348.86. If you follow this link, you will be taken to a document submitted to the Securities and Exchange Commission (SEC). The document contains an in-depth explanation of the reported transaction to the SEC. In addition, 8,737 shares of Taylor Morrison Home Stock were sold by David C. Merritt on January 4, 2019. Merritt is a director at Taylor Morrison Home. A total of $279,584.00 was received for the sale of the shares, which works out to an average price of $32.00 per share. After the completion of the transaction, the director is now the owner of 2,402 shares. Based on the current stock price, these shares are worth $76,864. Disclosures that are related to the sale might be found in this section of the website. Over the past three months, company insiders have offloaded 17,819 shares of company stock, resulting in a total sale volume of $573,530. 5.20 company insiders own a percent of the total shares currently outstanding.
There has been a shift in the percentage of the company owned by various institutional investors. This change came about as a result of the shift. During the third quarter, Centaurus Financial Inc. increased the percentage of Taylor Morrison Home stock owned by 1.1%. Centaurus Financial Inc. now owns 32,094 shares of the construction company, valued at $748,000, after purchasing 359 shares during the most recent quarter. During the second quarter, Xponance Inc. increased the percentage of Taylor Morrison Home stock owned by 2.9%. Xponance Inc. now owns 18,333 of the construction company’s stock, worth $428,000, after acquiring an additional 523 shares in the last quarter. In the second quarter, Victory Capital Management Inc. grew its ownership of Taylor Morrison Home stock by 0.7%, bringing its shares to a total of 1.1%. Following the acquisition of 573 shares during the most recent fiscal quarter, Victory Capital Management Inc. now holds 83,909 shares of the construction company’s stock. Each of these shares has a current value of $1,965,000. Assetmark Inc. increased its holdings in Taylor Morrison Home by 47.6% during the third quarter of the current fiscal year. Assetmark Inc. now holds 1,802 of the construction company’s stock after purchasing an additional 581 shares during the most recent quarter. The construction company’s stock has a current market value of $42,000.
Last but not least, during the third quarter, Kendall Capital Management boosted the amount of Taylor Morrison Home stock owned by 2.5 percent. This is by no means the least important development. The investment company now has 25,530 shares of the construction company’s stock, valued at $595,000, thanks to the fact that Kendall Capital Management purchased an additional 630 shares during the most recent fiscal quarter. Currently, 96.33% of the company’s shares are owned by hedge funds and other institutional investors.
When the market opened on Friday, the price of a share of TMHC was $32.85 per share. The stock has a price-to-earnings ratio of 3.73 and a beta value of 1.67. The stock’s beta value indicates how volatile the price of the stock is. The stock is currently valued at $3.56 billion on the market. The stock’s moving average over the past 50 days is $30.57, and its moving average over the past 200 days is $27.55. 5.24 is the value of the current ratio, 0.57 is the value of the quick ratio, and 0.62 is the value of the debt-to-equity ratio. Over the previous year, the cost of a Taylor Morrison home was averaged from $20.05 to $34.02. The price as of right now is $20.05.
On Wednesday, October 26, the most recent quarterly earnings report for Taylor Morrison Home, traded on the NYSE under the symbol TMHC, was released to the public. The building and construction firm reported earnings per share for the quarter of $2.72, which was $0.22 higher than the general expectation of $2.50 per share. The return on equity for Taylor Morrison Home came in at 24.70 percent, and the company’s profit margin was 12.75 percent, so they did quite well. The revenue for the quarter came in at $2.03 billion, which was significantly lower than the expectations of $2.18 billion that were floating around among most people. Professionals in the housing market anticipate that Taylor Morrison Home will generate earnings of $9.39 per share during the current financial year.
One of the best-known publicly traded homebuilders in the United States is Taylor Morrison Home Corporation, which includes all its subsidiaries. This company specializes in the design, construction, and sale of single-family, multi-family, connected, and detached homes and developing master-planned lifestyle communities. In addition, the company develops and constructs multi-purpose buildings, such as commercial, retail, and multi-family complexes, under the brand name Urban Form. These types of buildings can serve a variety of purposes. In addition, it offers services in the closing settlement, title insurance, and financial services.
