Taylor Morrison Home Co. (NYSE:TMHC) Director Sells $153,679.96 in Stock

Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report) Director David C. Merritt sold 2,402 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Taylor Morrison Home Stock Performance

Shares of TMHC traded up $0.44 during midday trading on Friday, reaching $61.59. 983,749 shares of the stock were exchanged, compared to its average volume of 1,020,965. The business's 50-day moving average price is $62.95 and its 200 day moving average price is $66.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 7.44 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. On average, sell-side analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Taylor Morrison Home

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GTS Securities LLC purchased a new position in shares of Taylor Morrison Home during the fourth quarter worth about $277,000. Vise Technologies Inc. purchased a new stake in Taylor Morrison Home in the 4th quarter valued at approximately $310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Taylor Morrison Home by 17.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,509 shares of the construction company's stock valued at $17,354,000 after purchasing an additional 42,984 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in Taylor Morrison Home by 163.0% in the 4th quarter. Voloridge Investment Management LLC now owns 165,634 shares of the construction company's stock valued at $10,138,000 after purchasing an additional 102,653 shares in the last quarter. Finally, iSAM Funds UK Ltd boosted its holdings in Taylor Morrison Home by 148.1% in the 4th quarter. iSAM Funds UK Ltd now owns 18,413 shares of the construction company's stock valued at $1,127,000 after purchasing an additional 10,991 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on TMHC shares. StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Seaport Res Ptn lowered Taylor Morrison Home from a "hold" rating to a "strong sell" rating in a research report on Monday, January 27th. Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada raised their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of "Moderate Buy" and a consensus price target of $82.43.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.