Goldman Sachs Group Inc. Purchases 499,036 Shares of Taylor Morrison Home Corp (TMHC)

Goldman Sachs Group Inc. boosted its stake in Taylor Morrison Home Corp (NYSE:TMHC) by 39.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,772,774 shares of the construction company’s stock after purchasing an additional 499,036 shares during the quarter. Goldman Sachs Group Inc. owned about 1.48% of Taylor Morrison Home worth $43,380,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. grew its holdings in Taylor Morrison Home by 94.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 6,502,696 shares of the construction company’s stock valued at $159,121,000 after purchasing an additional 3,162,765 shares during the period. Dimensional Fund Advisors LP grew its holdings in Taylor Morrison Home by 31.1% in the third quarter. Dimensional Fund Advisors LP now owns 4,591,375 shares of the construction company’s stock valued at $101,239,000 after purchasing an additional 1,089,798 shares during the period. Greenhaven Associates Inc. grew its holdings in Taylor Morrison Home by 6.7% in the fourth quarter. Greenhaven Associates Inc. now owns 2,695,488 shares of the construction company’s stock valued at $65,959,000 after purchasing an additional 169,244 shares during the period. NWQ Investment Management Company LLC grew its holdings in Taylor Morrison Home by 2.4% in the third quarter. NWQ Investment Management Company LLC now owns 2,229,932 shares of the construction company’s stock valued at $49,170,000 after purchasing an additional 52,934 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Taylor Morrison Home by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 2,124,192 shares of the construction company’s stock valued at $46,243,000 after purchasing an additional 37,257 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

How to Become a New Pot Stock Millionaire

In other news, insider Joseph Terracciano sold 5,788 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $23.97, for a total transaction of $138,738.36. Following the transaction, the insider now directly owns 4,168 shares of the company’s stock, valued at $99,906.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total transaction of $40,702,726.48. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Shares of Taylor Morrison Home Corp (NYSE TMHC) opened at $23.86 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.55 and a current ratio of 7.73. Taylor Morrison Home Corp has a 52 week low of $19.68 and a 52 week high of $28.42. The stock has a market cap of $2,703.09, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.77 and a beta of 1.49.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. Taylor Morrison Home had a net margin of 2.36% and a return on equity of 5.76%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $0.63 earnings per share. Taylor Morrison Home’s revenue for the quarter was up 8.6% on a year-over-year basis. sell-side analysts predict that Taylor Morrison Home Corp will post 2.61 EPS for the current year.

Taylor Morrison Home declared that its board has approved a share repurchase program on Wednesday, January 3rd that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

A number of equities research analysts recently issued reports on TMHC shares. Citigroup upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, January 2nd. UBS upgraded shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a report on Thursday, January 4th. Susquehanna Bancshares upgraded shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a report on Thursday, January 4th. Wells Fargo upgraded shares of Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Friday, January 5th. Finally, Zacks Investment Research downgraded shares of Taylor Morrison Home from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $28.33.

WARNING: “Goldman Sachs Group Inc. Purchases 499,036 Shares of Taylor Morrison Home Corp (TMHC)” was originally posted by Stock Observer and is owned by of Stock Observer. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.thestockobserver.com/2018/03/20/goldman-sachs-group-inc-purchases-499036-shares-of-taylor-morrison-home-corp-tmhc.html.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

Receive News & Ratings for Taylor Morrison Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Morrison Home and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply