27.96 +0.16 (0.58%)
After hours: 4:26PM EST
|Bid||27.88 x 1100|
|Ask||27.89 x 1100|
|Day's Range||27.74 - 28.23|
|52 Week Range||16.07 - 28.23|
|Beta (5Y Monthly)||0.69|
|PE Ratio (TTM)||14.52|
|Earnings Date||Apr 28, 2020 - May 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.33|
In an exclusive interview with the Business Journal, Taylor Morrison CEO Sheryl Palmer spoke about the effects of its massive buyout of its California rival, and how many homes the Scottsdale-based homebuilder plans to build in 2020 in metro Phoenix.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Arizona homebuilder Taylor Morrison (NYSE:TMHC) announced Feb. 12 that it was exiting the Chicago market with no plans to return. While the move could appear to be a sign of weakness by investors, Taylor Morrison stock remains an exciting buy among homebuilders."We made the difficult decision to sell a substantial composition of our assets to M/I Homes," Erik Heuser, chief operating officer and executive vice president at Taylor Morrison, said in an email to Crain's Chicago Business. "We do not plan on any future developments in the Chicagoland market in the foreseeable future."Sometimes, discretion is the better part of valor. InvestorPlace - Stock Market News, Stock Advice & Trading TipsTaylor Morrison believes that it would have taken it five years to sell the 232 suburban lots it sold to M/I Homes (NYSE:MHO). In 2019, it sold 47 homes at the eight subdivisions it owned in the Chicago area. That works out to half a home sold per subdivision per month. The only problem? The average homebuilder needs to sell two homes per month per subdivision to be a viable operation. Perhaps M/I Homes can work some magic on those 232 lots. * 7 Exciting Stocks to Buy for Aggressive Investors However, from where I sit, this is one reason of many to own Taylor Morrison stock. Reasons to Buy Taylor Morrison Stock: It Has a Veteran CEOIn early January, Taylor Morrison CEO Sheryl Palmer was voted Businessperson of the Year in Phoenix Business Journal's online poll. Palmer received 28% of the total votes, 300 basis points higher than the runner up. Palmer, who has more than 30 years of industry experience, became CEO of Taylor Morrison in August 2007. The board added the role of Chairman of the Board in May 2017. In the almost 13 years she's been CEO, Taylor Morrison has grown into a homebuilder with home prices from the high $100,000's on the low end to $8 million on the high end. Not only has Palmer created a homebuilder selling homes at multiple price points, but she's also taken the company public (2013) and executed a multi-billion-dollar merger (2020).On Jan. 31, S&P Dow Jones Indices announced that Taylor Morrison would become part of the S&P MidCap 400, replacing Green Dot (NYSE:GDOT), which will become a constituent of the S&P SmallCap 600.In the fourth quarter, Taylor Morrison delivered earnings of $1.06 per share, 8 cents higher than the consensus estimate, and 20 cents higher than a year earlier. Palmer's steady hand remains one of the company's strongest cards to play. It Walks the Talk When It Comes to DiversityPalmer recently appeared on CNBC to discuss how corporate America is missing out by not adding more women and "true diversity" to its workforce."The benefit of our organization is that we have different people thinking about the same problem differently," Palmer told Jim Cramer in a "Mad Money" interview. "It gets us to a better place, and that's what corporate America is missing today."The Wall Street Journal found that of the 3,000 largest companies in the U.S., only 180 were led by a woman. That's a problem given recent comments by Goldman Sachs (NYSE:GS) CEO David Solomon. According to Solomon, U.S. companies with female directors outperform those without a woman on the board. The fact that Taylor Morrison has four women on its board out of a total of seven directors suggests TMHC is an excellent long-term buy. Interestingly, the S&P 500 company with the highest percentage of women on their board is Navient (NASDAQ:NAVI) at 58%. Taylor Morrison, were it a part of the index, would be right behind Navient at 57%. * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 Gender diversity is good business, and Palmer knows it. Value Investors Own TMHCTaylor Morrison's stock is currently valued at 9.1 times its forward price-to-earnings ratio and 0.61 price-to-sales. In terms of its free cash flow yield (FCF divided by enterprise), Taylor Morrison's is 7.3% based on $210 million in trailing 12-month free cash flow and $2.87 billion in enterprise value. Generally, value investors consider anything above 8% to be in value territory. So, although it's not quite there, it's getting darn close. Perhaps that's why long-time value investor Donald Smith & Co. is one of the company's largest shareholders. As of the end of December 2019, it owned 7.2 million shares or 6.6% of the stock.Donald Smith & Co.'s website states:"Our investment strategy targets out-of-favor companies valued in the bottom decile of price-to-tangible book value ratios. Studies have shown, and our long record of outperformance has confirmed, that this universe of stocks substantially outperforms the broader market over extended cycles."The value investor has been finding hidden gems for 40 years. If Taylor Morrison's one of its most significant holdings, there's only one reason why. It thinks its stock is cheap. Smart AcquisitionsThe company completed its $2.4 billion acquisition of California homebuilder William Lyon Homes on Feb. 6. Taylor Morrison paid for the purchase with $2.50 in cash per share plus 0.800 shares of Taylor Morrison stock. I would strongly suggest William Lyon shareholders hang on to their TMHC stock. That's because the merger creates the 5th-largest homebuilder in America with 14,200 closings in the past 12 months alone. Further, it has a top five market position in 16 of its 23 markets in the U.S. It intends to find $80 million in annualized run-rate synergies to help pay for the acquisition. Together, the two builders have a backlog of $3.1 billion and own or control more than 82,000 lots across the country. The pipeline is more than full. Since Taylor Morrison's IPO in 2013, it has made six different acquisitions with William Lyon Homes being the largest to date. CEO Sheryl Palmer has proven her team is good at integrating acquisitions into the fold. * 7 Low-Volatility Stocks to Buy In Jittery Times Onward and upward. Its Business Is Very HealthyThe company reported its fourth-quarter and fiscal 2019 results on Feb. 5. As stated earlier, it beat analyst expectations on both the top- and bottom-line. "To say that 2019 was a pivotal year in Taylor Morrison's history would be an understatement. We surpassed 10,000 sales orders for the first time, marking a significant milestone for us, and the sales momentum we saw build in 2019 has continued into 2020," Palmer stated in its Q4 2019 press release. "We delivered 9,964 closings in 2019, an almost 14 percent increase over our results for the prior year and in-line with our most recent guidance."For all of 2019, Taylor Morrison's revenue grew 12.6% year over year to $4.8 billion, while its earnings rose 23.4% from $206.4 million in 2018 to $254.7 million in the past year. On a per-share basis, they increased by 28.4% due to fewer shares outstanding. With the acquisition closed, it expects to be able to provide annual guidance for the merged entity in April when it reports Q1 2020 results. Investors should expect another strong year from Taylor Morrison. Solid Growth Since Its 2013 IPOTaylor Morrison has an interesting history. It used to be part of U.K. homebuilder Taylor Wimpey Homes (OTCMKTS:TWODY) until it was sold to a consortium of private equity businesses for $995 million in April 2011. Like many real estate companies, Taylor Morrison suffered through the dog days of the financial crisis and its aftermath. "We've weathered the storm while remaining true to our core values," Palmer said at the time. "We've pulled through with a structure that we feel is very viable in today's market."Two years later, the private equity sponsors took Taylor Morrison public on April 10, 2011, selling 32.9 million shares of its stock at $22 apiece. In January 2018, the company's private equity sponsors sold the rest of their shares. It was finally a completely independent company. When Taylor Wimpey sold Taylor Morrison in 2011, TMHC had annual revenues of $1.3 billion and a pre-tax income of $88.7 million. In 2019, its sales were almost four times as large, and its adjusted pre-tax income was nearly five times higher. That's a compound annual growth of 15/6% and 18.5%, respectively, over those nine years. * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 Under Palmer's leadership, the company's growth over the next nine years should also be healthy and robust. One of the World's Most Admired CompaniesIndustry awards can often be nothing more than a pat on the back for companies that a consumer business magazine or trade publication wants to secure as an advertising client. So, it's wise to take these things with a grain of salt. On Jan. 22, Taylor Morrison announced that it made Fortune's 2020 list of World's Most Admired Companies. It was the homebuilder's second consecutive year making the list. It was ranked 286th out of 331 companies. In the shelter category, Taylor Morrison was one of 15 companies to make the list, including two other homebuilders; PulteGroup (NYSE:PHM) and Toll Brothers (NYSE:TOL).I don't know about you but that's pretty good company. As I said, its recognition that has to be taken with a grain of salt. However, given the company's views on diversity in the workplace, it's not surprising that Taylor Morrison made the cut. If you like to invest in companies that care about their people, Taylor Morrison, at the very least, ought to be on your watchlist. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 20 Stocks to Buy From the Law of Accelerating Returns * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 * 7 U.S. Stocks to Buy on Coronavirus Weakness The post 7 Reasons to Own Taylor Morrison Stock appeared first on InvestorPlace.
Newly merged homebuilders Taylor Morrison Home Corp. and William Lyon homes are expected to construct a whopping 1,325 homes in 35 communities in the Austin metro in 2020. The combined companies are building in the most popular parts of the Austin metro including Leander, Georgetown, Liberty Hill, Hutto, Manor, Del Valle, Pflugerville, city of Austin, Buda and San Marcos. In this article, the company's local chief and other real estate experts assess the company's ability to build rapidly and with a more stable workforce.
For his first "Executive Decision" segment of Mad Money Friday night, Jim Cramer spoke with Sheryl Palmer, chairman and CEO of Taylor Morrison Home Corp. , the nation's fifth largest homebuilder. Taylor Morrison just closed on its $2.4 billion acquisition of William Lyons Homes. In the daily bar chart of TMHC, below, we can see that prices have been challenging the October highs.
Taylor Morrison Home Corporation (NYSE:TMHC) ("Taylor Morrison") announced today the final results of Taylor Morrison Communities, Inc.'s ("TMCI") offers to exchange (the "Exchange Offers") any and all outstanding senior notes (the "William Lyon Notes") of three series issued by William Lyon Homes, Inc. ("William Lyon") for up to $1.09 billion aggregate principal amount of new notes to be issued by TMCI (the "Taylor Morrison Notes"). The Exchange Offers expired at 12:01 a.m., New York City time, on February 6, 2020 (the "Expiration Date").
Taylor Morrison Home Corp. (NYSE: TMHC) closed its $2.5 billion acquisition of William Lyon Homes on Thursday, making the Scottsdale-based homebuilder the fifth-largest in the nation. The purchase also gives Taylor Morrison entry into Washington, Oregon and Nevada markets and increases its entry-level market penetrations, Sheryl Palmer had told the Phoenix Business Journal in a previous interview. The acquisition of the Newport Beach, California-based William Lyon also increases Taylor Morrison's workforce to more than 3,000 employees nationwide.
Taylor Morrison Home Corporation (NYSE: TMHC), a national homebuilder and developer, today announced the closing of its acquisition of William Lyon Homes (NYSE: WLH). William Lyon's complementary land and community portfolio, combined with entry into three top housing markets, marks a significant new chapter in Taylor Morrison's growth strategy.
Taylor Morrison (TMHC) delivered earnings and revenue surprises of 8.16% and 0.53%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Taylor Morrison Home Corporation (NYSE: TMHC) today reported adjusted diluted earnings per share of $2.98 and GAAP diluted earnings per share of $2.35.
NEW YORK, NY / ACCESSWIRE / February 5, 2020 / Taylor Morrison Home Corp. (NYSE:TMHC) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on February 5, 2020 at 8:30 ...
Taylor Morrison Home Corp. (NYSE: TMHC) will replace Green Dot Corp. (NYSE: GDOT) in the S&P; MidCap 400, and Green Dot will replace William Lyon Homes (NYSE: WLH) in the S&P; SmallCap 600 prior to the open of trading on Thursday, February 6. Taylor Morrison Home is acquiring William Lyon Homes in a transaction expected to be completed soon pending final conditions.
Taylor Morrison Home Corporation (NYSE:TMHC) ("Taylor Morrison") announced today that its subsidiary, Taylor Morrison Communities, Inc. ("TMCI"), has extended the expiration date for its previously announced offers to exchange (the "Exchange Offers") any and all outstanding senior notes (the "William Lyon Notes") of three series issued by William Lyon Homes, Inc. ("William Lyon") for up to $1.09 billion aggregate principal amount of new notes to be issued by TMCI (the "Taylor Morrison Notes") to 12:01 a.m., New York City time, on February 6, 2020 (as the same may be further extended, the "Expiration Date"). All other terms of the Exchange Offers and the related letter of transmittal remain unchanged.
Shareholders of Taylor Morrison Home Corp. (NYSE: TMHC) and William Lyon Homes (NYSE: WLH) voted Thursday to approve all the stockholder proposals necessary to complete their $2.4 billion merger. The acquisition of William Lyon will make Scottsdale-based Taylor Morrison the fifth-largest homebuilder in the nation and give it a boost in expanding into the entry-level housing market. Taylor Morrison continues to extend the expiration date for its offer to exchange all Wiliam Lyon outstanding senior notes to be issued by Taylor Morrison, this time extending to Jan. 31.
Taylor Morrison Home Corporation ("Taylor Morrison") (NYSE: TMHC) and William Lyon Homes (NYSE: WLH) announced that, at their respective special meetings of stockholders held today, stockholders of both companies have voted to approve all stockholder proposals necessary to complete the merger between Taylor Morrison and William Lyon Homes. The companies expect the merger transaction to close in early February, subject to customary closing conditions.
Taylor Morrison (TMHC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shareholders of the two national homebuilders are set to vote this week on whether to approve Taylor Morrison's acquisition of William Lyon Homes.
Taylor Morrison Home Corporation ("Taylor Morrison") announced today that it will release its fourth quarter 2019 results before the market opens on Wednesday, February 5, 2020. Taylor Morrison will hold a conference call to discuss the fourth quarter results the same day, at 8:30 a.m. ET.
Just 10 percent of eligible companies are disclosing their workplace gender practices*— but Taylor Morrison Home Corp. (NYSE: TMHC) is happy to oblige. It's one thing to say your company supports diversity and women's advancement in the workplace, but it's another to move ideas into action and be transparent about your efforts.
There's nothing more complimentary than to be externally recognized for creating an extraordinary experience that turns a house into a home. Taylor Morrison Home Corp. (NYSE: TMHC) is honored to be in this position for the second year in a row by being named one of the World's Most Admired Companies for 2020 by FORTUNE magazine and ranked No. 3 among homebuilders.