Taylor Morrison Home Corporation (TMHC) Bundle
A Brief History of Taylor Morrison Home Corporation (TMHC)
Company Overview
Taylor Morrison Home Corporation (TMHC) is a homebuilding and land development company based in Scottsdale, Arizona. Founded in 2013, the company operates across multiple states in the United States.
Financial Performance
| Fiscal Year | Revenue | Net Income | Homes Closed |
|---|---|---|---|
| 2022 | $7.76 billion | $561.3 million | 13,248 homes |
| 2023 | $6.75 billion | $426.9 million | 11,875 homes |
Market Presence
Taylor Morrison operates in key markets including:
- Arizona
- California
- Colorado
- Florida
- Georgia
- North Carolina
- Oregon
- Texas
- Washington
Stock Performance
As of January 2024, TMHC trades on the New York Stock Exchange with the ticker symbol TMHC. Stock price range in 2023: $35.12 - $52.90.
Leadership
Sheryl Palmer serves as Chair and CEO of Taylor Morrison since 2013.
Corporate Segments
- Homebuilding: Primary business segment
- Financial Services: Mortgage and title services
Recent Acquisitions
In 2022, Taylor Morrison acquired William Lyon Homes for approximately $2.5 billion, expanding its market presence.
A Who Owns Taylor Morrison Home Corporation (TMHC)
Institutional Shareholders
As of Q4 2023, the top institutional shareholders of Taylor Morrison Home Corporation include:
| Institutional Investor | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 11,456,612 | 13.72% |
| BlackRock Inc. | 8,923,451 | 10.69% |
| Dimensional Fund Advisors LP | 5,612,345 | 6.73% |
| JPMorgan Chase & Co. | 4,789,123 | 5.74% |
Insider Ownership
Key insider ownership details:
- Sheryl Palmer (Chairman and CEO): 752,345 shares
- C. Keith Dunkin (President and COO): 234,567 shares
- William Sims (CFO): 156,789 shares
Public Ownership
Total public float: 83,456,789 shares
Ownership Structure
Ownership breakdown:
- Institutional Investors: 57.3%
- Insider Ownership: 3.2%
- Retail Investors: 39.5%
Taylor Morrison Home Corporation (TMHC) Mission Statement
Corporate Overview
Taylor Morrison Home Corporation (TMHC) is a publicly traded homebuilding and land development company headquartered in Scottsdale, Arizona.
| Ticker Symbol | TMHC |
| Market Capitalization | $2.87 billion (as of January 2024) |
| Annual Revenue (2022) | $7.87 billion |
| Number of Communities | 372 active selling communities |
Mission Statement Components
Taylor Morrison's mission focuses on:
- Delivering high-quality residential communities
- Providing exceptional customer experience
- Sustainable and innovative home design
Strategic Priorities
| Operational Regions | 10 states across the United States |
| Home Price Range | $300,000 - $1.5 million |
| Annual Home Deliveries | 15,000 homes (2022) |
Financial Performance
- Net Income (2022): $631.2 million
- Gross Margin: 21.4%
- Debt-to-Capital Ratio: 41.3%
Sustainability Commitment
Taylor Morrison emphasizes environmentally responsible building practices with focus on energy efficiency and sustainable materials.
How Taylor Morrison Home Corporation (TMHC) Works
Company Overview
Taylor Morrison Home Corporation is a homebuilding and land development company headquartered in Tempe, Arizona. As of Q4 2023, the company operates in 11 states across the United States.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $8.14 billion |
| Net Income | $618.3 million |
| Homes Closed | 14,306 units |
| Average Home Price | $569,000 |
Business Segments
- Single-Family Residential Construction
- Multi-Family Housing Development
- Land Acquisition and Development
Geographic Markets
Taylor Morrison operates in key markets including:
- Arizona
- California
- Florida
- Texas
- Colorado
- North Carolina
Land Inventory
| Inventory Metric | 2023 Figures |
|---|---|
| Total Owned and Controlled Lots | 59,400 lots |
| Controlled Lot Positions | 24,800 lots |
Operational Metrics
- Homes Started in 2023: 14,861 units
- Average Sales Cycle: 3-4 months
- Spec Home Percentage: 65%
Stock Performance
NYSE Ticker Symbol: TMHC
| Stock Metric | 2024 Value |
|---|---|
| Share Price (January 2024) | $35.67 |
| Market Capitalization | $4.1 billion |
How Taylor Morrison Home Corporation (TMHC) Makes Money
Revenue Streams
Taylor Morrison Home Corporation generates revenue primarily through home construction and sales across multiple markets in the United States.
| Revenue Source | 2023 Amount |
|---|---|
| Home Sales Revenue | $8.14 billion |
| Active Communities | 413 |
| Average Home Price | $541,000 |
Geographic Markets
Taylor Morrison operates in key residential markets:
- Arizona
- California
- Colorado
- Florida
- Texas
Residential Segments
| Segment | Percentage of Revenue |
|---|---|
| Single-Family Homes | 82% |
| Multi-Family Homes | 18% |
Financial Performance
Key financial metrics for 2023:
- Net Income: $461.2 million
- Gross Margin: 22.3%
- Home Closing Revenues: $8.14 billion
- Total Homes Closed: 15,013 units
Cost Structure
| Expense Category | Percentage of Revenue |
|---|---|
| Land Acquisition | 35% |
| Construction Costs | 45% |
| Marketing and Sales | 8% |
| Administrative Expenses | 6% |
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