Taylor Morrison Home Corporation (NYSE:TMHC) finished Friday with a subtraction of -$0.91 to close at $44.29, a downside of -2.01 percent. An average of 930,640 shares of common stock have been traded in the last five days. There was a fall of -$1.10 in the past week, and it reached a new high 52 times over the past 12 months. The last 20 days have seen an average of 796,830 shares traded, while the 50-day average volume stands at 963,890.
TMHC stock has decreased by -6.38% in the last month. The company shares reached their 1-month lowest point of $43.44 on 08/25/23. With the stock rallying to its 52-week high on 07/18/23, shares of the company touched a low of $22.64 and a high of $52.09 in 52 weeks. It has reached a new high 45 times so far this year and achieved 45.93% or $13.94 in price. In spite of this, the price is down -14.97% from the 52-week high.
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Insider Transactions
TMHC stock investors should be aware that Taylor Morrison Home Corporation (TMHC) stock had its last reported insider trading activity 37 days ago on Jul 20. In this transaction, the insider spent $31,236. Director, LYON WILLIAM H, disposed of 36,398 shares at a price of $52.00 on Jul 18. The insider now owns more than $1,892,696 worth of shares. Prior to that, Director LYON WILLIAM H went on to Sale 112,000 shares at $50.09 each on Jul 12. An amount of $5,609,530 was transacted.
Valuation Metrics
Taylor Morrison Home Corporation (TMHC) has a trailing price-to-earnings (P/E) ratio of 4.87. The stock’s beta is 1.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.59, the price-to-book (PB) ratio at 0.95, and the price-to-cash flow ratio at 3.27.
Financial Health
Further, the company has a long term debt to equity ratio of 0.47 and a total debt to equity ratio of 0.47 for the quarter ending June 29. Taylor Morrison Home Corporation’s EBITDA margin for the year ending June 29 is 18.03%, while its operating margin for the same period stands at 16.20%. Its gross profit as reported stood at $2.09 billion compared to revenue of $8.22 billion.
Earnings Surprise
For the three-month period that ended June 29, Taylor Morrison Home Corporation had $326.22 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $234.6 million in the quarter, while revenues were shrunk -24.04%. The analyst consensus anticipated Taylor Morrison Home Corporation’s latest quarter earnings to come in at $1.68 per share, but it turned out to be $2.12, a 26.20% surprise. For the quarter, EBITDA amounted to $324.27 million. Shareholders own equity worth $109.45 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Taylor Morrison Home Corporation (TMHC) price momentum. RSI 9-day as of the close on 25 August was 28.82%, suggesting the stock is oversold, with historical volatility in this time frame at 27.20%.
As of today, TMHC’s price is $45.32 -2.42% or -$1.10 from its 5-day moving average. TMHC is currently trading -8.49% lower than its 20-day SMA and +15.52% higher than its 100-day SMA. However, the stock’s current price level is -4.69% below the SMA50 and +69.50% above the SMA200.
The stochastic %K and %D were 20.52% and 22.83%, respectively, and the average true range (ATR) was 1.41. With the 14-day stochastic at 14.38% and the average true range at 1.38, the RSI (14) stands at 34.24%. The stock has reached -0.71 on the 9-day MACD Oscillator while the 14-day reading was at -1.59.
Analyst Ratings
Seaport Research Partners launched coverage on Taylor Morrison Home Corporation (NYSE: TMHC) in its analyst report released on June 14, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Taylor Morrison Home Corporation (TMHC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TMHC, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is TMHC’s price target for the next 12 months?
Analysts predict a range of price targets between $49.00 and $66.00, with a median target of $55.50. Taking a look at these predictions, the average price target given by analysts for Taylor Morrison Home Corporation (TMHC) stock is $56.17.
