STOCK TITAN
  1. Home
  2. News
  3. TMHC

Taylor Morrison Home Corporation - TMHC STOCK NEWS

Welcome to our dedicated page for Taylor Morrison Home Corporation news (Ticker: TMHC), a resource for investors and traders seeking the latest updates and insights on Taylor Morrison Home Corporation stock.

Taylor Morrison Home Corporation (NYSE: TMHC) is a premier national homebuilder and land developer, headquartered in Scottsdale, Arizona. Recognized as America’s Most Trusted™ Home Builder from 2016 to 2024 by Lifestory Research, Taylor Morrison builds and sells a diverse range of single-family and multi-family homes across various price points, catering to different consumer demographics including first-time buyers, move-up buyers, luxury homebuyers, and the 55-plus segment.

Operating under the well-regarded brands of Taylor Morrison and Darling Homes, the company is dedicated to creating homes and communities that elevate the quality of life for residents. In Texas, Darling Homes is known for its focus on individuality and custom details, maintaining the high standards set by Taylor Morrison. The company's homes range in price from the low $100,000s to over $1,000,000, designed to meet the needs and preferences of a broad consumer base.

Recent achievements include strong financial performance, with reported net income for the third quarter of 2023 at $171 million, or $1.54 per diluted share. The company closed over 2,600 homes with an adjusted home closings gross margin of 23.9%. Additionally, Taylor Morrison has been actively investing in land, retiring debt, and repurchasing shares, ending the quarter with a substantial liquidity position of $1.6 billion.

The company’s diverse business model includes four reportable segments: East, Central, West, and Financial Services, with the majority of its revenue coming from the East Segment. Taylor Morrison's strategic approach includes a balanced product portfolio and a focus on high-quality community locations. Recent expansions, such as the acquisition of 1,500 lots in Indianapolis, Indiana, emphasize the company's commitment to growth and geographic diversification.

In addition to homebuilding, Taylor Morrison is recognized for its robust commitment to sustainability and community engagement, as detailed in its annual Environmental, Social, and Governance (ESG) Report. The company’s focus on operational efficiency, strategic land investments, and financial strength positions it well for continued success in a competitive market.

News

Taylor Morrison Reports Fourth Quarter and Full Year 2023 Results

Rhea-AI Summary
Taylor Morrison Home Corporation (TMHC) reported strong financial results for the fourth quarter and full year 2023, with net income of $173 million and $769 million respectively. Adjusted net income was $223 million and $830 million for the same periods. The company saw significant growth in net sales orders, home closings revenue, and home closings gross margin. Despite challenges from rising interest rates and economic uncertainty, Taylor Morrison remains optimistic about future growth and plans to focus on accelerating growth in 2024 and beyond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.56%
Tags
earnings
-
News

Taylor Morrison Announces Date for Fourth Quarter 2023 Earnings Release and Webcast Conference Call

Rhea-AI Summary
Taylor Morrison Home Corporation (TMHC) will release its fourth quarter 2023 results on February 14, 2024, followed by a conference call to discuss the results. The live audio webcast will be available on the company's website, and filings will be accessible on the SEC's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
Tags
earnings
-
News

Taylor Morrison Sets New Record by Earning America's Most Trusted® Home Builder for Ninth Consecutive Year

Rhea-AI Summary
Taylor Morrison (NYSE: TMHC) has been named America's Most Trusted® Home Builder by Lifestory Research for the ninth consecutive year. Their fast-growing resort-lifestyle brand, Esplanade, also ranked second in the America's Most Trusted® Active Adult Builder category. Despite declining consumer trust in the housing industry due to factors like interest rates and housing supply, Taylor Morrison maintains the industry's highest scores through customer-centric business strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
none
News

Taylor Morrison Renews Stock Repurchase Authorization

Rhea-AI Summary
Taylor Morrison Home Corporation (NYSE: TMHC) announced the renewal of its stock repurchase program through December 31, 2025, with $500 million in availability. The program aims to invest in future growth, maintain a healthy capital position, and return capital to shareholders, highlighting the company's commitment to long-term shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.87%
Tags
buyback
-
News

Taylor Morrison Celebrates 100,000 Home Closings by Gifting First-Time Homebuyer with First Year's Mortgage Payments and 100,000 Household Essentials

Rhea-AI Summary
Taylor Morrison (NYSE: TMHC) celebrated its 100,000th home closing milestone by surprising a first-time homebuyer with their first-year's principal and interest mortgage payments. The celebration took place in Taylor Morrison's Mason Woods Community in Cypress, Texas, where the homebuyer was also surprised with a portion of 100,000 move-in day essentials, including toiletries and household cleaning products. The excess household essentials were donated to HomeAid Houston, a nonprofit building transitional shelters for the homeless, ahead of the holiday season.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.61%
Tags
none
-
News

Taylor Morrison 'Builds Joy' Across the Country this Holiday Season

Rhea-AI Summary
Taylor Morrison (NYSE: TMHC) continues its annual philanthropic program, Build Joy, for the seventh year, awarding 10 team members $1,000 each to support meaningful causes in their communities. Since 2017, the company has donated over $215,000, bringing nearly 100 philanthropic ideas to life. CEO Sheryl Palmer expresses pride in the initiative, emphasizing the personal and profound impact on communities nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
none
News

Taylor Morrison Unveils 2024 Design Trends and Home Aesthetics

Rhea-AI Summary
Taylor Morrison (NYSE: TMHC) presents 2024 home design trends emphasizing self-expression and personal style. The 'Dopamine' design aesthetic is one of the five trending home aesthetics anticipated to resonate with Gen Z and Millennial homebuyers, encouraging bold self-expression and creativity in home decor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
Tags
none
-
News

Dutch Bros Inc. Reports Third Quarter 2023 Financial Results and Announces Two New Directors

Rhea-AI Summary
Dutch Bros Inc. (NYSE: BROS) Reports Record Revenue of $265 million, a 33% Increase Year-over-Year and 39 New Systemwide Shop Openings in Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
management earnings
-
News

Taylor Morrison Joins Elite List of America's Greenest Companies by Newsweek

Rhea-AI Summary
Taylor Morrison, a homebuilder, has been recognized for its sustainable business practices and included in Newsweek's 2024 America's Greenest Companies list. The company is committed to being a good steward of the environment and has implemented various environmental strategies and accomplishments, such as appointing a Corporate Director of Sustainability, assessing its greenhouse gas inventory, partnering with the National Wildlife Federation, and introducing new construction quality standards. Taylor Morrison homes also carry industry recognized certifications and standards for performance and quality. The company aims to manage its carbon footprint and advance its sustainability practices in the long term.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.1%
Tags
none
News

Taylor Morrison Reports Third Quarter 2023 Results

Rhea-AI Summary
Taylor Morrison Home Corporation reported net income of $171 million, or $1.54 per diluted share, in the third quarter. Adjusted net income was $180 million, or $1.62 per diluted share. Home closings revenue was $1.6 billion, with a gross margin of 23.1%. Net sales orders increased by 25% to 2,592. The company's credit rating was upgraded by S&P Global to BB+. Taylor Morrison also raised its full-year guidance for home closings and adjusted home closings gross margin.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.17%
Tags
earnings

FAQ

What is the current stock price of Taylor Morrison Home Corporation (TMHC)?

The current stock price of Taylor Morrison Home Corporation (TMHC) is $59.73 as of December 20, 2024.

What is the market cap of Taylor Morrison Home Corporation (TMHC)?

The market cap of Taylor Morrison Home Corporation (TMHC) is approximately 6.2B.

What does Taylor Morrison Home Corporation do?

Taylor Morrison Home Corporation is a leading national homebuilder and developer that designs, builds, and sells homes across a variety of price points and consumer segments, including first-time buyers, move-up buyers, luxury homebuyers, and the 55-plus segment.

Where is Taylor Morrison Home Corporation headquartered?

Taylor Morrison Home Corporation is headquartered in Scottsdale, Arizona.

What are the main brands under Taylor Morrison Home Corporation?

The main brands under Taylor Morrison Home Corporation are Taylor Morrison and Darling Homes.

How has Taylor Morrison performed financially recently?

In the third quarter of 2023, Taylor Morrison reported a net income of $171 million, or $1.54 per diluted share, and closed over 2,600 homes with an adjusted home closings gross margin of 23.9%.

What consumer segments does Taylor Morrison serve?

Taylor Morrison serves a wide array of consumer segments, including first-time buyers, move-up buyers, luxury homebuyers, and the 55-plus segment.

What is Taylor Morrison's approach to sustainability?

Taylor Morrison is committed to sustainability and community engagement, as detailed in their annual Environmental, Social, and Governance (ESG) Report.

What recent expansions has Taylor Morrison undertaken?

Taylor Morrison recently expanded its geographic footprint by acquiring approximately 1,500 homebuilding lots in Indianapolis, Indiana.

How does Taylor Morrison ensure high quality in its homes?

Taylor Morrison maintains high quality through a combination of strategic land investments, operational efficiencies, and a focus on high-quality community locations.

What are Taylor Morrison's financial service offerings?

Taylor Morrison's Financial Services segment provides related financial services, which are a part of the company's comprehensive approach to homebuilding and development.

How does Taylor Morrison cater to different price points in the housing market?

Taylor Morrison offers homes ranging from the low $100,000s to over $1,000,000, designed to meet the needs and preferences of a broad range of homebuyers.

Stock TMHC logo
Taylor Morrison Home Corporation

NYSE:TMHC

TMHC Rankings

#1131 Ranked by Market Cap
N/A Ranked by Dividends

TMHC Stock Data

6.18B
100.53M
2.86%
99.98%
2.6%
Residential Construction
Operative Builders
Link
United States of America
SCOTTSDALE