As of Thursday close, Taylor Morrison Home Corporation’s (NYSE:TMHC) stock was down -$1.66, moving down -3.70 percent to $43.19. The average number of shares traded per day over the past five days has been 1,043,440 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.55 fall in that time frame. In the last twenty days, the average volume was 811,005, while in the previous 50 days, it was 848,634.
Since last month, TMHC stock retreated -5.53%. Shares of the company fell to $42.91 on 09/21/23, the lowest level in the past month. A 52-week high of $52.09 was reached on 07/18/23 after having rallying from a 52-week low of $22.64. Since the beginning of this year, TMHC’s stock price has risen by 42.31% or $12.84, and marked a new high 45 times. However, the stock has declined by -17.08% since its 52-week high.
TMHC stock investors should be aware that Taylor Morrison Home Corporation (TMHC) stock had its last reported insider trading activity 10 days ago on Sep 12. Palmer Sheryl, the Chairman, President and CEO of the company, disposed of 112,500 shares for $46.01 on Sep 12. It resulted in a $5,176,125 divestment by the insider. LYON WILLIAM H sold 600 shares at an average price of $52.06 on Jul 20. The insider now owns 3,143,260 shares following the transaction. On Jul 18, Director LYON WILLIAM H sold 36,398 shares at $52.00 apiece. The transaction was valued at $1,892,696.
Valuation Metrics
Right now, Taylor Morrison Home Corporation (TMHC) has a P/E ratio of about 4.75. The stock’s beta is 1.76. Besides these, the trailing price-to-sales (P/S) ratio of 0.60, the price-to-book (PB) ratio of 0.93, and the price-to-cash flow ratio of 3.34 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.47, and the total debt-to-equity ratio was 0.47. On the profitability front, the trailing twelve-month gross margin is 24.90% percent. In the year ended June 29, EBITDA margin amounted to 18.03%, whereas operating margins totaled 16.20%. Based on annual data, TMHC earned $2.09 billion in gross profit and brought in $8.22 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.80%. Return on equity (ROE) for the past 12 months was 21.40%.
In Taylor Morrison Home Corporation’s quarter-end financial report for June 29, it reported total debt of $326.22 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TMHC’s revenue rose 3.18% to $1.66 billion during the quarter, while net income inched up to $2.06 billion. While analysts expected Taylor Morrison Home Corporation to report $1.68 quarterly earnings, the actual figure was $2.12 per share, beating the consensus estimate by 26.20%. During the quarter, the company generated $324.27 million in EBITDA. The liabilities of Taylor Morrison Home Corporation were 3.65 billion at the end of its most recent quarter ended June 29, and its total debt was $2.48 billion. The value of shareholders’ equity is $109.45 million.
Technical Picture
This quick technical analysis looks at Taylor Morrison Home Corporation’s (TMHC) price momentum. With a historical volatility rate of 33.92%, the RSI 9-day stood at 31.82% on 21 September.
With respect to its five-day moving average, the current Taylor Morrison Home Corporation price is down by -7.60% percent or -$3.55. At present, TMHC shares trade -6.41% below its 20-day simple moving average and +0.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.52% below its SMA50 and +41.14% above its SMA200.
Stochastic coefficient K was 10.10% and Stochastic coefficient D was 11.85%, while ATR was 1.37. Given the Stochastic reading of 5.17% for the 14-day period, the RSI (14) reading has been calculated as 36.56%. As of today, the MACD Oscillator reading stands at -0.97, while the 14-day reading stands at -1.35.
Analyst Ratings
Seaport Research Partners launched its rating on Taylor Morrison Home Corporation (NYSE: TMHC) to a Neutral in a note to investors on June 14, 2023. Taylor Morrison Home Corporation (TMHC) has been rated Hold by analysts. According to 0 brokerage firms, TMHC is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Taylor Morrison Home Corporation stock as buy, with 2 recommending it as overweight.
With a median target price of $55.00, the current consensus forecast for the stock is $49.00 – $66.00. Based on these forecasts, analysts predict Taylor Morrison Home Corporation (TMHC) will achieve an average price target of $56.20.
