Taylor Morrison Home Corporation (NYSE:TMHC) – Wedbush boosted their Q4 2018 EPS estimates for shares of Taylor Morrison Home in a note issued to investors on Wednesday. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of $1.03 per share for the quarter, up from their prior forecast of $0.86. Wedbush has a “Neutral” rating and a $27.00 price target on the stock. Wedbush also issued estimates for Taylor Morrison Home’s Q1 2019 earnings at $0.53 EPS and Q3 2019 earnings at $0.76 EPS.
Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year.
Shares of Taylor Morrison Home (TMHC) traded down $0.45 during mid-day trading on Thursday, reaching $24.65. The company had a trading volume of 1,576,148 shares, compared to its average volume of 2,670,471. Taylor Morrison Home has a 12 month low of $18.41 and a 12 month high of $28.42. The company has a market capitalization of $2,917.19, a P/E ratio of 13.39, a P/E/G ratio of 0.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85.
Taylor Morrison Home announced that its board has approved a share buyback program on Wednesday, January 3rd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the construction company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
In other Taylor Morrison Home news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total value of $40,702,726.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in Taylor Morrison Home by 13.0% in the third quarter. Bank of New York Mellon Corp now owns 356,953 shares of the construction company’s stock worth $7,871,000 after acquiring an additional 40,989 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Taylor Morrison Home by 6.5% in the third quarter. California Public Employees Retirement System now owns 80,843 shares of the construction company’s stock worth $1,783,000 after acquiring an additional 4,943 shares in the last quarter. BlackRock Inc. boosted its holdings in Taylor Morrison Home by 51.5% in the second quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock worth $158,111,000 after acquiring an additional 2,239,679 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Taylor Morrison Home by 17.1% in the third quarter. Wells Fargo & Company MN now owns 536,937 shares of the construction company’s stock worth $11,839,000 after acquiring an additional 78,602 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Taylor Morrison Home by 4.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 288,112 shares of the construction company’s stock worth $6,353,000 after purchasing an additional 11,999 shares during the period. 57.67% of the stock is owned by institutional investors and hedge funds.
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Taylor Morrison Home 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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