Taylor Morrison Home (NYSE:TMHC) issued its quarterly earnings data on Wednesday. The construction company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07, Bloomberg Earnings reports. Taylor Morrison Home had a net margin of 2.36% and a return on equity of 5.82%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company posted $0.63 EPS. The business’s revenue was up 8.6% on a year-over-year basis.

Taylor Morrison Home (NYSE TMHC) opened at $24.10 on Friday. The company has a market cap of $3,000.88, a PE ratio of 16.39, a P/E/G ratio of 0.82 and a beta of 1.44. The company has a current ratio of 6.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Taylor Morrison Home has a 52 week low of $18.41 and a 52 week high of $28.42.

Taylor Morrison Home declared that its board has approved a share repurchase program on Wednesday, January 3rd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

In other Taylor Morrison Home news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $27.14, for a total value of $40,702,726.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. boosted its position in Taylor Morrison Home 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 buying an additional 2,060 shares during the period. Victory Capital Management Inc. boosted its position in Taylor Morrison Home by 37.3% in the 3rd quarter. Victory Capital Management Inc. now owns 10,197 shares of the construction company’s stock valued at $225,000 after buying an additional 2,768 shares during the period. Smith Asset Management Group LP boosted its position in Taylor Morrison Home by 18.1% in the 3rd quarter. Smith Asset Management Group LP now owns 20,286 shares of the construction company’s stock valued at $447,000 after buying an additional 3,103 shares during the period. Fox Run Management L.L.C. boosted its position in Taylor Morrison Home by 9.6% in the 3rd quarter. Fox Run Management L.L.C. now owns 37,600 shares of the construction company’s stock valued at $829,000 after buying an additional 3,300 shares during the period. Finally, Legal & General Group Plc boosted its position in Taylor Morrison Home by 43.0% in the 2nd quarter. Legal & General Group Plc now owns 13,355 shares of the construction company’s stock valued at $320,000 after buying an additional 4,017 shares during the period. 57.67% of the stock is owned by institutional investors.

A number of equities analysts have commented on TMHC shares. BidaskClub cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. ValuEngine cut shares of Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Wells Fargo & Co raised shares of Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Friday, January 5th. JMP Securities raised shares of Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Thursday. Finally, UBS Group raised shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $28.22.

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About Taylor Morrison Home

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).

Earnings History for Taylor Morrison Home (NYSE:TMHC)

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