Taylor Morrison’s chief accounting officer sells $93,372 in stock

Joseph Terracciano, the Chief Accounting Officer of Taylor Morrison Home Corp (NYSE:TMHC), a $6.07 billion homebuilder with a notably low P/E ratio of 7.14x, recently sold 1,537 shares of the company’s common stock. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimates. The shares were sold at a price of $60.75 each, amounting to a total transaction value of $93,372. Following this transaction, Terracciano holds no shares of the company. While this insider sale might raise questions, InvestingPro data reveals that management has been actively buying back shares, and the company maintains strong financial health with 8 additional ProTips available to subscribers.

In other recent news, Taylor Morrison Home Corp has reported impressive fourth-quarter results for 2024, with adjusted earnings per share (EPS) of $2.64, surpassing Wall Street’s forecast of $2.40. The company’s revenue reached $2.36 billion, exceeding the anticipated $2.11 billion. Additionally, Taylor Morrison initiated a $50 million accelerated share repurchase agreement with Mizuho (NYSE:MFG) Markets Americas LLC as part of its ongoing $1 billion share repurchase program. On the analyst front, Raymond (NSE:RYMD) James adjusted the price target for Taylor Morrison to $74, down from $84, but maintained an Outperform rating. Similarly, BTIG revised its price target to $83 from $86 while keeping a Buy rating, highlighting the company’s strong financial performance and strategic positioning.

Taylor Morrison’s diverse product offerings have contributed to its resilience, with a 40% year-over-year increase in website traffic and a robust cash flow position. The company has projected home closings between 13,500 and 14,000 for 2025, with an expected gross margin of 23% to 24%. The company’s strategic focus on resort/lifestyle and move-up buyers is expected to support ongoing share repurchases, with guidance suggesting the potential to buy back 4% of the company at current market prices. Despite the challenging mortgage rate environment, Taylor Morrison’s financial outlook remains positive, with expectations to sustain a 15% return on equity and maintain a low-leverage balance sheet.

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