Taylor Morrison Home Corp NYSE:TMHC Price, Chart, News & Insight

NYSE:TMHC

Taylor Morrison Soars 22% After Berkshire Hathaway Agrees to $8.5 Billion Acquisition

Shares of Taylor Morrison Home Corporation (NYSE: TMHC) surged 22% on Monday after the company announced that Berkshire Hathaway has agreed to acquire the homebuilder in an all-cash transaction valued at approximately $8.5 billion, marking one of the largest deals in the U.S. homebuilding sector in recent years. Source: Taylor Morrison Press Release, May 31, 2026.

Under the terms of the agreement, Berkshire Hathaway will pay $72.50 per share in cash for Taylor Morrison, representing a 24% premium to the company's May 29 closing price of $58.50. The transaction values Taylor Morrison's equity at approximately $6.8 billion and its enterprise value at roughly $8.5 billion. Source: Taylor Morrison Press Release, May 31, 2026.

The acquisition reflects Berkshire Hathaway's growing commitment to the U.S. housing market. Berkshire already owns major housing-related businesses, including Clayton Homes and numerous building products companies. Berkshire CEO Greg Abel described Taylor Morrison as a "best-in-class national homebuilder" and said the acquisition aligns with Berkshire's long-standing focus on housing and homeownership. Source: Taylor Morrison Press Release, May 31, 2026.

Investors welcomed the deal because it delivers immediate value and certainty to shareholders at a substantial premium. The purchase price effectively places a floor under the stock while reflecting Berkshire's confidence in the long-term outlook for U.S. housing despite elevated mortgage rates and economic uncertainty.

Taylor Morrison has grown into one of the largest homebuilders in the United States, operating more than 350 communities across 21 markets in 12 states. The company serves a broad range of customers through its Taylor Morrison and Esplanade brands and has expanded into build-to-rent communities through its Yardly platform. It also operates mortgage, title, escrow, and insurance businesses that complement its homebuilding operations. Source: Taylor Morrison Press Release, May 31, 2026.

Taylor Morrison Chairman and CEO Sheryl Palmer called the transaction a "once-in-a-lifetime opportunity," emphasizing that Berkshire's capital strength and long-term investment approach would allow the company to pursue growth opportunities that may not have been possible as a standalone public company. Importantly for investors and employees, Taylor Morrison's existing management team is expected to remain in place following the acquisition. Source: Taylor Morrison Press Release, May 31, 2026.

The deal also signals Berkshire Hathaway's continued willingness to deploy capital into sectors tied to long-term demographic and economic trends. While many investors associate Berkshire with insurance, railroads, and consumer brands, the company has steadily built a significant presence in residential housing. The addition of Taylor Morrison strengthens that position and creates the potential for greater coordination across Berkshire's existing homebuilding and construction-related businesses.

The transaction is expected to close during the second half of 2026, subject to shareholder approval and customary regulatory clearances. Once completed, Taylor Morrison will become a private company and its shares will no longer trade on the New York Stock Exchange. Source: Taylor Morrison Press Release, May 31, 2026.

For investors, the sharp rally reflects the market's assessment that Berkshire's offer provides an attractive exit price while validating the strength of Taylor Morrison's business model and long-term growth prospects.

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Global Finance News 06-02-26

Taylor Morrison Q2 2025 Results: Earnings Top $190 Million as Company Prioritizes Margin over Volume

Taylor Morrison Home Corporation (NYSE: TMHC) reported solid second-quarter results, focusing on margin protection and capital efficiency amid a more competitive housing environment.

Q2 2025 Financial Highlights (vs. Q2 2024):
• Net income: $194 million
• Adjusted net income: $204 million
• Diluted EPS: $1.92
• Adjusted diluted EPS: $2.02
• Home closings revenue: $2.0 billion (+2%)
• Closings: 3,340 homes (+4%)
• Average selling price: $589,000 (−2%)
• Home closings gross margin: 22.3%; adjusted gross margin: 23.0%
• SG&A expense: Improved to 9.3% of revenue (90 bps leverage)

Operational Metrics:
• Net sales orders: 2,733 (−12%)
• Absorption pace: 2.6 homes per community (down from 3.0)
• Active selling communities: 345 (−1%)
• Lots owned/controlled: 85,051 (60% off-balance sheet)
• Land investment: $612 million (43% development)
• Share repurchases: 1.7 million shares, $100 million
• Liquidity: $1.1 billion

CEO Commentary:
CEO Sheryl Palmer emphasized the company’s strategy of prioritizing price and margin over pace to preserve long-term returns amid market pressure, particularly for spec homes. She reaffirmed confidence in Taylor Morrison’s well-positioned land portfolio and long-term demand drivers, including demographics and migration trends.

While acknowledging near-term sales softness, Palmer noted the company’s readiness to restart growth when the market stabilizes, supported by a strong land pipeline and disciplined capital allocation strategy. Taylor Morrison continues targeting mid-to-high teens ROE across the cycle.

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The Investor 07-24-25

Taylor Morrison Launches $50 Million Accelerated Share Repurchase as Part of $1 Billion Buyback Program

Taylor Morrison Home Corporation (NYSE: TMHC) entered into an accelerated share repurchase (ASR) agreement with Mizuho Markets Americas LLC to repurchase $50 million worth of its common stock. This transaction is part of the company’s ongoing $1 billion share repurchase program.

Under the terms of the agreement, Taylor Morrison will pay the $50 million on May 1, 2025, and immediately receive shares valued at approximately 80% of that amount, based on the April 30 closing stock price. The final number of shares repurchased will be based on the volume-weighted average price of the stock over the ASR period, less a discount. Final settlement is expected no later than Q3 2025.

The company is using this repurchase mechanism to return capital to shareholders and optimize its capital structure.

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Global Finance News 05-01-25

Taylor Morrison Home Corporation Announces Leadership Transition in Legal Department
March 14, 2025 – Taylor Morrison Home Corporation (NYSE: TMHC) announced that Darrell Sherman, Executive Vice President, Chief Legal Officer, and Secretary, will retire from the company effective May 31, 2025. Mr. Sherman has served in this role for nearly 16 years and is stepping down to assume a full-time mission presidency position for The Church of Jesus Christ of Latter-day Saints beginning in June 2025.

Leadership Succession
Successor: Todd Merrill, currently serving as Vice President, General Counsel of Operations, will be promoted to Executive Vice President, Chief Legal Officer, and Secretary.
Effective Date: June 1, 2025
Background: Mr. Merrill has been with Taylor Morrison’s legal team since August 2004, holding various leadership roles within the company.
The company issued an official press release on March 14, 2025, detailing the leadership transition.

This change reflects Taylor Morrison's commitment to seamless leadership succession and ensures continued strong legal and regulatory oversight under Mr. Merrill's guidance.

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ME NEWS 03-17-25

Taylor Morrison Announces Retirement of Chief Legal Officer Darrell Sherman
Scottsdale, AZ – March 14, 2025 – Taylor Morrison Home Corporation (NYSE: TMHC) announced that Darrell Sherman, Executive Vice President, Chief Legal Officer, and Secretary, will retire effective May 31, 2025, after nearly 16 years of service.

Sherman is retiring to serve as a mission president for The Church of Jesus Christ of Latter-day Saints, beginning in June 2025.

Leadership Transition
Successor: Todd Merrill
Effective Date: June 1, 2025
Current Role: Vice President, General Counsel of Operations
Experience: With the company since August 2004
A press release announcing the transition was issued on March 14, 2025.

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ME NEWS 03-14-25

Taylor Morrison Home Corporation has entered into an accelerated share repurchase agreement with Mizuho Markets Americas LLC to repurchase $50 million of its common stock as part of its $1 billion share repurchase program. The final number of shares repurchased will be based on the volume-weighted average price of the stock during the agreement’s term, with settlement expected by the second quarter of 2025.

source: Taylor Morrison Home Corporation, SEC Form 8-K, February 24, 2025.

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WS News 02-24-25

Taylor Morrison Home Corporation Appoints Heather Ostis to Board of Directors

On February 4, 2025, Taylor Morrison Home Corporation announced the appointment of Heather Ostis as an independent member of its Board of Directors, effective March 1, 2025. Ostis, 46, currently serves as the Chief Procurement Officer, Global Supply Chain at Starbucks, bringing extensive experience in supply chain management from previous roles at Delta Air Lines, Aramark, and Wyndham Worldwide. She holds a B.S. in finance from Indiana University and an MBA from George Mason University.

Ostis will receive standard compensation for independent directors, including an $85,000 annual cash retainer and $175,000 in restricted stock units (RSUs). She will also participate in the company’s Non-Employee Deferred Compensation Plan and has entered into a customary indemnification agreement. Her appointment was disclosed in a Form 8-K filed with the SEC, alongside a press release announcing the news. Ostis will serve until the 2025 annual stockholders' meeting or until her successor is elected.

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WS Investor 02-04-25

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