Taylor Morrison Home Corp (TMHC) Insider Sells $832,650.00 in Stock

Taylor Morrison Home Corp (NASDAQ:TMHC) insider C. David Cone sold 35,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total value 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 filing with the SEC, which is available at the SEC website.

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 stock was sold at an average price of $22.83, for a total value of $456,600.00.

Taylor Morrison Home Corp (TMHC) opened at $22.96 on Friday. Taylor Morrison Home Corp has a 12 month low of $17.39 and a 12 month high of $24.79.

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

Taylor Morrison Home Corp declared that its board has initiated a stock buyback program on Monday, September 18th that permits the company to buyback $43.60 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. lifted its stake in Taylor Morrison Home Corp by 43.2% during the 2nd quarter. Prudential Financial Inc. now owns 1,780,580 shares of the construction company’s stock worth $42,752,000 after acquiring an additional 537,590 shares in the last quarter. Airain ltd lifted its stake in Taylor Morrison Home Corp by 158.8% during the 2nd quarter. Airain ltd now owns 72,795 shares of the construction company’s stock worth $1,748,000 after acquiring an additional 44,668 shares in the last quarter. Marshall Wace North America L.P. lifted its stake in Taylor Morrison Home Corp by 761.2% during the 2nd quarter. Marshall Wace North America L.P. now owns 260,715 shares of the construction company’s stock worth $6,257,000 after acquiring an additional 230,440 shares in the last quarter. American Century Companies Inc. lifted its stake in Taylor Morrison Home Corp by 2,001.8% during the 2nd quarter. American Century Companies Inc. now owns 419,121 shares of the construction company’s stock worth $10,063,000 after acquiring an additional 399,180 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Taylor Morrison Home Corp 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 acquiring an additional 2,239,679 shares in the last quarter.

A number of equities analysts have recently weighed in on the company. BidaskClub cut Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a report on Saturday. B. Riley reiterated a “neutral” rating on shares of Taylor Morrison Home Corp in a report on Thursday. ValuEngine cut Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a report on Thursday. Deutsche Bank AG increased their price target on 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 cut Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Taylor Morrison Home Corp has a consensus rating of “Hold” and a consensus target price 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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