Investors Buy Large Volume of Call Options on Taylor Morrison Home (NYSE:TMHC)

Taylor Morrison Home Corp (NYSE:TMHC) saw some unusual options trading activity on Monday. Stock traders acquired 2,797 call options on the company. This represents an increase of 2,725% compared to the typical volume of 99 call options.

Shares of NYSE TMHC traded down $0.22 during midday trading on Tuesday, reaching $22.15. 32,145 shares of the company were exchanged, compared to its average volume of 2,114,492. The stock’s 50-day moving average price is $25.62 and its 200-day moving average price is $22.65. The stock has a market cap of $2.30 billion, a P/E ratio of 8.44, a PEG ratio of 1.43 and a beta of 0.86. Taylor Morrison Home has a one year low of $15.03 and a one year high of $28.00. The company has a quick ratio of 0.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.87.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, October 30th. The construction company reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Taylor Morrison Home had a net margin of 4.40% and a return on equity of 12.50%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. On average, equities research analysts anticipate that Taylor Morrison Home will post 2.82 EPS for the current year.

A number of research analysts recently issued reports on the stock. Wells Fargo & Co lifted their price objective on shares of Taylor Morrison Home from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Wedbush reissued an “outperform” rating on shares of Taylor Morrison Home in a research note on Thursday, September 19th. B. Riley set a $29.00 price objective on shares of Taylor Morrison Home and gave the company a “buy” rating in a research note on Tuesday, October 15th. ValuEngine cut shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 6th. Finally, Zacks Investment Research raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research note on Saturday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Taylor Morrison Home has an average rating of “Buy” and an average price target of $24.50.

In related news, EVP Darrell Sherman sold 131,002 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $25.00, for a total value of $3,275,050.00. Following the transaction, the executive vice president now directly owns 97,725 shares of the company’s stock, valued at $2,443,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Sheryl Palmer sold 108,958 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $23.19, for a total transaction of $2,526,736.02. Following the completion of the transaction, the chairman now directly owns 627,386 shares in the company, valued at $14,549,081.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 600,491 shares of company stock valued at $14,361,881. 1.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in shares of Taylor Morrison Home by 106.1% in the second quarter. Bank of New York Mellon Corp now owns 3,531,236 shares of the construction company’s stock worth $74,014,000 after purchasing an additional 1,817,822 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Taylor Morrison Home in the second quarter worth $13,655,000. Castleark Management LLC bought a new stake in shares of Taylor Morrison Home in the second quarter worth $8,459,000. ClariVest Asset Management LLC grew its stake in shares of Taylor Morrison Home by 418.1% in the second quarter. ClariVest Asset Management LLC now owns 429,787 shares of the construction company’s stock worth $9,008,000 after purchasing an additional 346,825 shares during the last quarter. Finally, SG Capital Management LLC grew its stake in shares of Taylor Morrison Home by 185.2% in the third quarter. SG Capital Management LLC now owns 515,062 shares of the construction company’s stock worth $13,361,000 after purchasing an additional 334,478 shares during the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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