In yesterday’s Wall Street session, Taylor Morrison Home Corporation (NYSE:TMHC) shares traded at $32.69, up 1.68% from the previous session.
TMHC stock price is now 12.96% away from the 50-day moving average and 21.31% away from the 200-day moving average. The market capitalization of the company currently stands at $3.48B.
On July 28, 2022, RBC Capital Mkts Downgraded its previous ‘Outperform’ rating to ‘Sector Perform’ on the stock increasing its target price from $28 to quote $29, while ‘Credit Suisse’ rates the stock as ‘Outperform’.
In other news, MERRITT DAVID C, Director sold 8,737 shares of the company’s stock on Jan 04. The stock was sold for $279,584 at an average price of $32.00. Upon completion of the transaction, the Director now directly owns 2,402 shares in the company, valued at $78521.38. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 15, Director MERRITT DAVID C sold 6,263 shares of the business’s stock. A total of $194,153 was realized by selling the stock at an average price of $31.00. This leaves the insider owning 4,877 shares of the company worth $0.16 million. Insiders disposed of 94,161 shares of company stock worth roughly $3.08 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TMHC stock. A new stake in Taylor Morrison Home Corporation shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $30,889,000. ALLIANZ ASSET MANAGEMENT GMBH invested $7,387,000 in shares of TMHC during the first quarter. In the first quarter, SMITH, GRAHAM & CO., INVESTMENT ADVISORS, LP acquired a new stake in Taylor Morrison Home Corporation valued at approximately $4,308,000. EDGESTREAM PARTNERS, L.P. acquired a new stake in TMHC for approximately $4,284,000. NICHOLAS INVESTMENT PARTNERS, LP purchased a new stake in TMHC valued at around $2,886,000 in the second quarter.
On Friday morning Taylor Morrison Home Corporation (NYSE: TMHC) stock kicked off with the opening price of $32.53. During the past 12 months, Taylor Morrison Home Corporation has had a low of $20.05 and a high of $33.85. The fifty day moving average price for TMHC is $29.05 and a two-hundred day moving average price translates $26.95 for the stock.
The latest earnings results from Taylor Morrison Home Corporation (NYSE: TMHC) was released for Sep, 2022. According to the Residential Construction Company, earnings per share came in at $2.75, beating analysts’ expectations of $2.52 by 0.23. This compares to $1.37 EPS in the same period last year. The net profit margin was 12.70% and return on equity was 25.40% for TMHC. The company reported revenue of $2.03 billion for the quarter, compared to $1.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.46 percent. For the current quarter, analysts expect TMHC to generate $2.47B in revenue.
Taylor Morrison Home Corporation(TMHC) Company Profile
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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services. In addition, the company operates under the Taylor Morrison, William Lyon Signature, and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Nevada, North and South Carolina, Oregon, Texas, and Washington. Taylor Morrison Home Corporation was founded in 1936 and is headquartered in Scottsdale, Arizona.