Long Position on TMHC @ $31.65 on 3/17/2022 (Fundamentals)

Taylor Morrison Home Corporation (TMHC) operates as a public homebuilder in the United States. Stockwinners

The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities.

It also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.

In addition, the company operates under the Taylor Morrison, William Lyon Signature, and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Nevada, North and South Carolina, Oregon, Texas, and Washington. 

On February 8th, TMHC reported Quarter December 2021 earnings of $2.19 per share on revenue of $2.5 billion. The consensus earnings estimate was $2.09 per share on revenue of $2.6 billion. Revenue grew 60.9% on a year-over-year basis. Since then shares have formed a bullish "flag" and higher share prices are expected.

 

Entry Point: $31.65

Stop Loss: $30.00

Trading Range: $22.64 to $35.51

Target Price: $34.85

 

Position closed on 4/1/2022 at price of $27.50 with a -13.11% loss in 15 days.

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