Taylor Morrison Home Corporation (TMHC) Becoming More Attractive for Investors


Taylor Morrison Home Corporation’s recently made public that its Director LYON WILLIAM H unloaded Company’s shares for reported $31236.0 on Jul 20. In the deal valued at $52.06 per share,600 shares were sold. As a result of this transaction, LYON WILLIAM H now holds 3,143,260 shares worth roughly $ 151.51 million.

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Then, LYON WILLIAM H sold 36,398 shares, generating $1,892,696 in total proceeds. Upon selling the shares at $52.00, the Director now owns 7,427 shares.

Before that, LYON WILLIAM H sold 112,000 shares. Taylor Morrison Home Corporation shares valued at $5,609,530 were divested by the Director at a price of $50.09 per share. As a result of the transaction, LYON WILLIAM H now holds 8,127 shares, worth roughly $0.39 million.

Seaport Research Partners initiated its Taylor Morrison Home Corporation [TMHC] rating to a Neutral in a research note published on Friday.

Price Performance Review of TMHC

On Friday, Taylor Morrison Home Corporation [NYSE:TMHC] saw its stock jump 1.69% to $48.20. On the same session, the stock had its day’s lowest price of $47.40, but rose to a high of $48.33. Over the last five days, the stock has gained 8.83%. Taylor Morrison Home Corporation shares have risen nearly 58.81% since the year began. Nevertheless, the stocks have risen 91.96% over the past one year. While a 52-week high of $52.09 was reached on 07/18/23, a 52-week low of $22.64 was recorded on 01/03/23. SMA at 50 days reached $48.02, while 200 days put it at $39.59. A total of 0.46 million shares were traded, compared to the trading of 0.84 million shares in the previous session.

Levels Of Support And Resistance For TMHC Stock

The 24-hour chart illustrates a support level at 47.62, which if violated will result in even more drops to 47.05. On the upside, there is a resistance level at 48.55. A further resistance level may holdings at 48.91. The Relative Strength Index (RSI) on the 14-day chart is 56.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.46%. Stochastics %K at 69.43% 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 Aug 14, 2023, dropping by -0.78 million shares to a total of 2.81 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.59 million shares. There was a decline of -27.76%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.57% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.24.

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

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 13,094,473 shares, or roughly 11.96% of the outstanding TMHC shares. In other words, the investor’s shares have risen by 969,563 from its previous 13-F filing of 12124910.0. Additionally, The Vanguard Group, Inc. increased 0.95% of its stake after which the total value it holdings stand at $531,348,200, while Dimensional Fund Advisors LP reduced -0.38% of its stake to hold $420.42 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 39,920 shares of Taylor Morrison Home Corporation, while Macquarie Investment Management B bought -249,384 shares. At present, Donald Smith & Co., Inc. is holding 2,861,241 shares valued at $138.54 million. AllianceBernstein LP owned 2,771,448 shares of the company at the time of its most recent 13F filing, worth $134.19 million.

According to FactSet, Taylor Morrison Home Corporation’s share price will average $56.17 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.09 percent from its previous closing price of $47.40. Analysts expect Taylor Morrison Home Corporation stock to reach the higher price of $66.00, while the lowest price estimate is $49.00. However, 10 analysts have rated TMHC stock as an Overweight in their predictions for 2023.


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