Taylor Morrison Home (NYSE:TMHC – Get Free Report) issued its quarterly earnings data on Wednesday. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31, Briefing.com reports. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $1.62 earnings per share. Taylor Morrison Home’s revenue for the quarter was up 26.6% on a year-over-year basis.
Taylor Morrison Home Stock Performance
TMHC stock traded up $1.93 during midday trading on Thursday, hitting $69.13. The stock had a trading volume of 291,627 shares, compared to its average volume of 786,791. Taylor Morrison Home has a 52 week low of $37.23 and a 52 week high of $71.95. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The stock has a 50-day simple moving average of $67.31 and a 200 day simple moving average of $61.53. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 9.99 and a beta of 1.96.
Insider Buying and Selling at Taylor Morrison Home
In other news, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the transaction, the director now directly owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $68.25, for a total value of $1,928,676.75. Following the sale, the director now owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the sale, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,072 shares of company stock valued at $2,052,157 in the last 90 days. 3.50% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Read Our Latest Report on TMHC
Taylor Morrison Home 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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.
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