Taylor Morrison Home Corporation (TMHC) may enjoy gains as insiders got busy in the recent days


Taylor Morrison Home Corporation’s recent filing unveils that its EVP and CFO Steffens Louis acquired Company’s shares for reported $0.25 million on Sep 14. In the deal valued at $23.07 per share,11,000 shares were bought. As a result of this transaction, Steffens Louis now holds 44,667 shares worth roughly $ 1.15 million.

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Then, Terracciano Joseph sold 794 shares, generating $24,693 in total proceeds. Upon selling the shares at $31.10, the Chief Accounting Officer now owns 0 shares.

Before that, Terracciano Joseph sold 684 shares. Taylor Morrison Home Corporation shares valued at $19,986 were divested by the Chief Accounting Officer at a price of $29.22 per share. As a result of the transaction, Terracciano Joseph now holds 0 shares, worth roughly $0.0.

BTIG Research downgraded its Taylor Morrison Home Corporation [TMHC] rating to a Neutral from a a Buy in a research note published on Friday. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in late July from “an Outperform” to “a Sector perform”. Credit Suisse also remained covering TMHC and has increased its forecast on July 11, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. RBC Capital Mkts revised its rating on June 22, 2022. It rated TMHC as “an Outperform” which previously was an “a Sector perform”.

Price Performance Review of TMHC

On Friday, Taylor Morrison Home Corporation [NYSE:TMHC] saw its stock jump 3.82% to $25.80. On the same session, the stock had its day’s lowest price of $25.12, but rose to a high of $26.27. Over the last five days, the stock has lost -3.62%. Taylor Morrison Home Corporation shares have fallen nearly -26.20% since the year began. Nevertheless, the stocks have fallen -16.50% over the past one year. While a 52-week high of $35.51 was reached on 01/03/22, a 52-week low of $20.05 was recorded on 06/17/22. SMA at 50 days reached $24.94, while 200 days put it at $27.06. A total of 0.73 million shares were traded, compared to the trading of 1.04 million shares in the previous session.

Levels Of Support And Resistance For TMHC Stock

The 24-hour chart illustrates a support level at 25.19, which if violated will result in even more drops to 24.58. On the upside, there is a resistance level at 26.34. A further resistance level may holdings at 26.88. The Relative Strength Index (RSI) on the 14-day chart is 51.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.01%. Stochastics %K at 46.78% indicates the stock is a holding.

How much short interest is there in Taylor Morrison Home Corporation?

A steep rise in short interest was recorded in Taylor Morrison Home Corporation stocks on Jul 14, 2022, growing by 0.4 million shares to a total of 5.32 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.92 million shares. There was a rise of 7.52%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.30% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.87.

Taylor Morrison Home Corporation [TMHC] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 13,137,625 shares, or roughly 11.56% of the outstanding TMHC shares. In other words, the investor’s shares have fallen by -394,928 from its previous 13-F filing of 13532553.0. Additionally, The Vanguard Group, Inc. increased 4.19% of its stake after which the total value it holdings stand at $266,116,273, while Dimensional Fund Advisors LP added 4.73% of its stake to hold $190.97 million in the firm. Over the last quarter, Fidelity Management & Research Co sold -2,329,459 shares of Taylor Morrison Home Corporation, while Donald Smith & Co., Inc. sold -17,831 shares. At present, SSgA Funds Management, Inc. is holding 4,546,564 shares valued at $106.03 million. AllianceBernstein LP owned 4,152,686 shares of the company at the time of its most recent 13F filing, worth $96.84 million.

According to FactSet, Taylor Morrison Home Corporation’s share price will average $30.58 in the next year, based on opinions of analysts polled by the firm. This is up nearly 19.72 percent from its previous closing price of $24.85. Analysts expect Taylor Morrison Home Corporation stock to reach the higher price of $37.00, while the lowest price estimate is $25.00. However, 10 analysts have rated TMHC stock as a Hold in their predictions for 2022.


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