On Thursday, April 27th, William H. Lyon, a director at Taylor Morrison Home Co., sold 264,730 shares of the company’s stock for a total transaction of $10,973,058.50 at an average price of $41.45 per share. Following this transaction, the director now holds 32,127 shares of the company’s stock valued at approximately $1,331,664.15.
Shares of TMHC traded up to $43.09 on Friday with 1,551,164 shares exchanged compared to its average volume of 954,623. The company has a market cap of $4.67 billion and has reported a P/E ratio of 4.61 along with a beta of 1.71. With a quick ratio of 1.01 and current ratio of 6.09 along with debt-to-equity ratio standing at 0.47 the company is well poised to continue its business operations smoothly.
Taylor Morrison Home Corp., an American based residential home building industry and lifestyle community development firm operates through four main segments i.e East,Central, West and Financial Services.The East segment encompasses markets in Atlanta Charlotte Chicago Orlando Southwest Florida Tampa region USA.
Analysts have issued favourable reports recently on Taylor Morrison Home Co.In March , StockNews.com had given it a “buy” recommendation while more recently RBC Capital Markets have upgraded their target price for TMHC from $33 to $42.Other analysts have also endorsed this view with Barclays raising their price objective from $40-45 whereas Credit Suisse Group elevating their target price from$41-$47.There are five recommendations with hold ratings and three buy recommendations showing consensus across all reports gathered through Bloomberg’s data network.
Despite allegations of being hedged around information reflecting bias in favoring TMHC from some Wall-street organisations evident from premiums on assignment fees being paid not only by employees but new hires as well over a short span of time, TMHC is a well-managed company with clearly established business interests and operations.
Taylor Morrison Home: Building a Strong Future through Growth and Investment
Taylor Morrison Home: A Constructive Story of Growth and Investment
Taylor Morrison Home, a leading construction company traded under NYSE: TMHC, announced impressive earnings results on Wednesday, April 26th. The company reported an outstanding $1.74 earnings per share (EPS) for the quarter, surpassing analysts’ optimistic consensus estimates of $1.29 by an enviable $0.45. Taylor Morrison Home’s net margin of 13.04% and return on equity of 24.14% further showcased the company’s robust financial standing.
Despite a decrease in revenue compared to the same quarter last year, from $1.7 billion to $1.66 billion i.e., a decline of 2.4%, investors remain highly bullish on Taylor Morrison Home shares’ prospects given the stellar performance and projection.
Notably, several hedge funds and other institutional investors have recently added to or reduced their stakes in TMHC – signaling growing confidence in future growth prospects despite the pandemic era.
According to TCI Wealth Advisors Inc.’s Chief Investment Officer, Ryan Jameson, adding to his firm’s position with an 87.7% boost indicates that Taylor Morrison Home is set for substantial long-term growth.
Investors Asset Management of Georgia Inc.’s acquisition of new stakes worth $41k implies that the construction giant outperforms its peers when it comes to investing potential in what remains an incredibly volatile market due to deep economic uncertainty amid Covid-19 pandemic fallout.
With Assetmark Inc.’s increase in stake by almost half in Q3 valued at $42k, Lazard Asset Management LLC following suit with new stakes valued at $44k during Q1 implies astute insights into Taylor Morrison Homes’ long-term market outlook and expected continued success.
Moreover, Proficio Capital Partners LLC’s recent acquisition of additional stocks amounting up to almost $50k highlights a more substantial trend towards holding high-performance stock, further reinforcing TMHC’s position as a reliable long-term investment option.
As of Q2 2021, sell-side analysts project the company’s earnings to reach $6.46 per share, indicating significant growth potential and impressive economic viability in the face of continued global economic challenges.
In short, Taylor Morrison Home stock emerges as a pragmatic and viable investment option that promises to experience robust market growth in the years ahead. As an established construction powerhouse bringing innovative designs and comprehensive customer service to consumers worldwide, Taylor Morrison Home stands out as an industry all-star poised for a bullish future with an increasing profitability margin and strong financial standing.
