Taylor Morrison Home Corp. (NYSE: TMHC) is 10.67% higher on its value in year-to-date trading and has touched a low of $36.15 and a high of $62.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TMHC stock was last observed hovering at around $59.51 in the last trading session, with the day’s loss setting it -0.47%.
Currently trading at $59.04, the stock is 0.18% and 5.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -0.79% at the moment leaves the stock 20.57% off its SMA200. TMHC registered 53.99% gain for a year compared to 6-month gain of 44.92%. The firm has a 50-day simple moving average (SMA 50) of $1.02 and a 200-day simple moving average (SMA200) of $6.79.
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The stock witnessed a 4.11% loss in the last 1 month and extending the period to 3 months gives it a 15.86%, and is -3.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.38% over the week and 2.50% over the month.
Taylor Morrison Home Corp. (TMHC) has around 2800 employees, a market worth around $6.28B and $7.42B in sales. Current P/E ratio is 8.46 and Fwd P/E is 7.37. Profit margin for the company is 10.37%. Distance from 52-week low is 63.32% and -5.75% from its 52-week high. The company has generated returns on investments over the last 12 months (10.39%).
Taylor Morrison Home Corp. quarterly earnings per share for the current quarter are estimated at $1.6 with sales reaching $1.65B over the same period.The EPS is expected to grow by 6.78% this year, but quarterly earnings will post 2.70% year-over-year. Quarterly sales are estimated to grow 2.20% in year-over-year returns.
511 institutions hold shares in Taylor Morrison Home Corp. (TMHC), with institutional investors hold 103.59% of the company’s shares. The shares outstanding are 106.92M, and float is at 103.45M with Short Float at 2.95%. Institutions hold 98.62% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 16.89 million shares valued at $823.5 million. The investor’s holdings represent 15.43% of the TMHC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 11.19 million shares valued at $545.62 million to account for 10.22% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 8.68 million shares representing 7.93% and valued at over $423.46 million, while State Street Corporation holds 3.89% of the shares totaling 4.25 million with a market value of $207.39 million.
Taylor Morrison Home Corp. (TMHC) Insider Activity
The most recent transaction is an insider sale by LYON WILLIAM H, the company’s Director. SEC filings show that LYON WILLIAM H sold 153,000 shares of the company’s common stock on Mar 28 ’24 at a price of $62.32 per share for a total of $9.54 million. Following the sale, the insider now owns 40570.0 shares.
Taylor Morrison Home Corp. disclosed in a document filed with the SEC on Mar 22 ’24 that LYON WILLIAM H (Director) sold a total of 164,000 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $60.33 per share for $9.89 million. Following the transaction, the insider now directly holds 43570.0 shares of the TMHC stock.
Still, SEC filings show that on Mar 15 ’24, Palmer Sheryl (Chairman, President and CEO) disposed off 100,000 shares at an average price of $56.61 for $5.66 million. The insider now directly holds 119,211 shares of Taylor Morrison Home Corp. (TMHC).
