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Friday, December 2, 2022

Taylor Morrison Home Corporation (NYSE: TMHC): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Taylor Morrison Home Corporation (TMHC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$1.62, or +6.63%, to $26.05. Volume reached 71,666 shares, with price reaching a high of $26.07 and a low of $26.07. The stock was recently discussed on Yahoo Finance as it revealed that Taylor Morrison Increases Capacity Available on its Revolving Credit Facility.

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Stocks Info

TMHC belongs to the Consumer Cyclical sector of the NYSE while operating in the Residential Construction industry. At the end of the last regular session, the stock closed at $26.07 and fluctuated between $26.09 as its day high and $24.96 as its day low. The current market capitalization of Taylor Morrison Home Corporation is $3.01B. A total of 1.38 million shares were traded on the day, compared to an average of 1.11M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TMHC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 27 BUYs and 48 SELLs from insiders. Insiders purchased 436,612 shares during that period but sold 517,174.

In the most recent transaction, Steffens Louis bought 11,000 shares of TMHC for 23.07 per share on Sep 14. After the transaction, the EVP and CFO now owns 44,667 company shares. In a previous transaction on Mar 09, Terracciano Joseph sold 794 shares at 31.10 per share. TMHC shares that Chief Accounting Officer owns now total 0.

Among the insiders who sold shares, Terracciano Joseph disposed of 684 shares on Feb 25 at a per-share price of $29.22. This resulted in the Chief Accounting Officer holding 0 shares of TMHC after the transaction. In another insider transaction, Hunt Gary H sold 2,356 shares at $28.51 per share on Feb 22. Company shares held by the Director now total 16,054.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TMHC in the last 3 months, the mean price target is $33.93 with high estimates of $51.00 and low estimates of $28.00. In terms of 52-week highs and lows, TMHC has a high of $35.51 and a low of $20.05.

As of this writing, TMHC has an earnings estimate of $2.53 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $2.58 per share and a lower estimate of $2.46. The company reported an EPS of $2.27 in the last quarter, which was 24.73% higher than expectations of $1.82.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TMHC is Hold with a score of 3.57. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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