In a recent transaction, William H. Lyon, a director at Taylor Morrison Home Corp. (NYSE:TMHC), sold a significant amount of company stock, signaling a noteworthy change in his holdings. On March 22, 2024, Lyon disposed of 150,000 shares at an average price of $60.33, resulting in a total sale value of approximately $9,049,500. This transaction was part of a pre-arranged trading plan, known as a Rule 10b5-1 plan, which allows insiders to sell shares at predetermined times to avoid accusations of trading on nonpublic information.
Additionally, on the same day, Lyon sold another 14,000 shares of Taylor Morrison Home Corp. stock at the same average price of $60.33, totaling $844,620. These sales were executed in multiple transactions with prices ranging from $60.04 to $60.60.
Following the transactions, Lyon's directly associated holdings in the company decreased significantly, but he still indirectly owns 2,427,316 shares through Lyon Shareholder 2012, LLC and 43,570 shares through a trust. The direct ownership by Lyon after these sales stands at 17,744 shares.
The shares sold by Lyon are held through different entities. The bulk of the shares, owned by Lyon LLC, are managed by Lyon in his capacity as the manager and trustee of several trusts that constitute the members of the LLC. The remaining shares are held by the Lyon Separate Property Trust, for which Lyon also serves as a trustee.
Investors often monitor insider transactions as they can provide insights into executives' perspectives on the company's prospects. The sale of a large number of shares by a director might be of particular interest to the market, as it could suggest various strategic considerations, although it should not be taken as a sole indicator of a company's future performance.
Taylor Morrison Home Corp., based in Scottsdale, Arizona, is a leading national homebuilder and developer recognized for building high-quality homes and communities. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol TMHC.
InvestingPro Insights
In light of recent insider transactions at Taylor Morrison Home Corp. (NYSE:TMHC), investors may find the following InvestingPro Insights particularly relevant. These insights are drawn from real-time data and InvestingPro Tips which can provide additional context to the company's current stock performance and financial health.
InvestingPro Data:
- The market capitalization of Taylor Morrison Home Corp. stands at $6.44 billion, reflecting the company's substantial presence in the homebuilding industry.
- With an attractive P/E ratio of 8.56 and an adjusted P/E ratio for the last twelve months as of Q4 2023 at 7.87, TMHC shows a valuation that could be appealing to value investors.
- The company has experienced a significant return over the last week, with a 1-week price total return of 7.77%.
InvestingPro Tips:
- Analysts have shown confidence in Taylor Morrison Home Corp., with 4 analysts revising their earnings estimates upwards for the upcoming period, which may indicate positive future performance.
- The stock has been trading near its 52-week high, with the price at 99.03% of this peak, which could suggest strong market confidence or potential resistance levels for the stock price.
For those interested in a deeper analysis, there are 12 additional InvestingPro Tips available for Taylor Morrison Home Corp. at https://www.investing.com/pro/TMHC. By using the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering a valuable resource for investors looking to make informed decisions.
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