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Monday, June 5, 2023

What Are The Chances Of Taylor Morrison Home Corporation (NYSE: TMHC) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Taylor Morrison Home Corporation (TMHC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.09%, to $43.62. The Taylor Morrison Home Corporation has recorded 467,024 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Taylor Morrison Reports First Quarter 2023 Results, Including Earnings per Diluted Share of $1.74.

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Stocks Info

As a NYSE listed company, TMHC falls under the Consumer Cyclical sector while operating within the Residential Construction industry segment. At the end of the last regular session, the stock closed at $43.58 and fluctuated between $44.01 as its day high and $43.09 as its day low. The current market capitalization of Taylor Morrison Home Corporation is $4.66B. A total of 1.36 million shares were traded on the day, compared to an average of 983.19K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, TMHC has seen 33 BUY and 46 SELL insider trades, representing the acquisition of 353,341 and the disposition of 314,803 shares. Over the last 12 months, there were 45 BUYs and 64 SELLs from insiders. Insiders purchased 707,089 shares during that period but sold 837,204.

In the most recent transaction, Terracciano Joseph sold 3,165 shares of TMHC for 42.68 per share on May 03. After the transaction, the Chief Accounting Officer now owns 0 company shares. In a previous transaction on Apr 28, LYON WILLIAM H sold 67,270 shares at 41.70 per share. TMHC shares that Director owns now total 28,127.

Among the insiders who sold shares, LYON WILLIAM H disposed of 264,730 shares on Apr 27 at a per-share price of $41.45. This resulted in the Director holding 32,127 shares of TMHC after the transaction. In another insider transaction, LYON WILLIAM H sold 57,000 shares at $40.13 per share on Apr 20. Company shares held by the Director now total 40,127.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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 $43.31 and a low of $20.05.

As of this writing, TMHC has an earnings estimate of $1.66 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 $1.59. 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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, 0 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 Buy with a score of 3.67.

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