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Thursday, June 8, 2023

Is Taylor Morrison Home Corporation (NYSE: TMHC) Still On The Rise?

After Hours

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. After-hours trades for Taylor Morrison Home Corporation (TMHC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.18, or -0.42%, to $42.18. The Taylor Morrison Home Corporation has recorded 30,137 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Taylor Morrison Reports First Quarter 2023 Results, Including Earnings per Diluted Share of $1.74.

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Stocks Info

This NYSE-listed company operates within the Residential Construction industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $42.36 and fluctuated between $43.20 as its day high and $41.98 as its day low. The current market capitalization of Taylor Morrison Home Corporation is $4.51B. A total of 1.08 million shares were traded on the day, compared to an average of 989.24K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, TMHC has seen 19 BUY and 25 SELL insider trades, representing the acquisition of 273,981 and the disposition of 261,518 shares. Over the last 12 months, there were 31 BUYs and 40 SELLs from insiders. Insiders purchased 627,729 shares during that period but sold 675,695.

In the most recent transaction, LYON WILLIAM H sold 67,270 shares of TMHC for 41.70 per share on Apr 28. After the transaction, the Director now owns 28,127 company shares. In a previous transaction on Apr 27, LYON WILLIAM H sold 264,730 shares at 41.45 per share. TMHC shares that Director owns now total 32,127.

Among the insiders who sold shares, LYON WILLIAM H disposed of 57,000 shares on Apr 20 at a per-share price of $40.13. This resulted in the Director holding 40,127 shares of TMHC after the transaction. In another insider transaction, Steffens Louis sold 4,279 shares at $40.22 per share on Apr 20. Company shares held by the EVP & Chief Financial Officer now total 39,344.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TMHC in the last 3 months, the mean price target is $47.30 with high estimates of $57.50 and low estimates of $42.00. In terms of 52-week highs and lows, TMHC has a high of $43.13 and a low of $20.05.

As of this writing, TMHC has an earnings estimate of $1.63 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.8 per share and a lower estimate of $1.39. The company reported an EPS of $2.68 in the last quarter, which was -0.40% lower than expectations of $2.69.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TMHC’s latest balance sheet shows that the firm has $832.82M in Cash & Short Term Investments as of fiscal 2021. There were $3.40B in debt and $1.30B in liabilities at the time. Its Book Value Per Share was $44.54, while its Total Shareholder’s Equity was $3.97B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 8 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 Overweight with a score of 3.67. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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