Taylor Morrison Home Corp (NASDAQ:TMHC) insider C. David Cone sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $22.83, for a total value of $456,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Taylor Morrison Home Corp (NASDAQ TMHC) opened at 22.92 on Monday. The company has a 50-day moving average price of $21.07 and a 200-day moving average price of $22.49. Taylor Morrison Home Corp has a 12 month low of $15.82 and a 12 month high of $24.79. The stock has a market cap of $1.66 billion and a price-to-earnings ratio of 13.80.

Taylor Morrison Home Corp (NASDAQ:TMHC) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.08. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The company had revenue of $908.49 million for the quarter, compared to the consensus estimate of $849.70 million. During the same period last year, the business posted $0.37 EPS. The company’s revenue was up 6.3% on a year-over-year basis. On average, analysts expect that Taylor Morrison Home Corp will post $1.91 EPS for the current fiscal year.

Taylor Morrison Home Corp declared that its Board of Directors has authorized a stock repurchase plan on Monday, September 18th that authorizes the company to repurchase $43.60 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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Hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. grew its stake in shares of Taylor Morrison Home Corp by 62.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock valued at $129,000 after purchasing an additional 2,060 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Taylor Morrison Home Corp by 34.2% in the 1st quarter. Victory Capital Management Inc. now owns 6,315 shares of the construction company’s stock valued at $135,000 after purchasing an additional 1,608 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Taylor Morrison Home Corp by 20.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock valued at $154,000 after purchasing an additional 1,110 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Taylor Morrison Home Corp by 52.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock valued at $165,000 after purchasing an additional 2,382 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Taylor Morrison Home Corp by 4.7% in the 1st quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock valued at $147,000 after purchasing an additional 307 shares during the last quarter.

A number of equities research analysts recently commented on TMHC shares. BidaskClub lowered Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Deutsche Bank AG upped their target price on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research upgraded Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, July 4th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Taylor Morrison Home Corp has a consensus rating of “Buy” and an average price target 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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