Guggenheim Capital LLC Sells 1,831 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Guggenheim Capital LLC decreased its position in Taylor Morrison Home Co. (NYSE:TMHC) by 35.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,383 shares of the construction company’s stock after selling 1,831 shares during the quarter. Guggenheim Capital LLC’s holdings in Taylor Morrison Home were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TMHC. V Square Quantitative Management LLC raised its holdings in Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after purchasing an additional 277 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares in the last quarter. SRS Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at $51,000. Smartleaf Asset Management LLC increased its holdings in shares of Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after acquiring an additional 243 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at $61,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $57.27 on Tuesday. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 6.92 and a beta of 1.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The stock has a 50-day moving average of $59.05 and a 200 day moving average of $63.84. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $1.75 earnings per share. On average, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a “buy” rating in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Wedbush restated an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.86.

Insiders Place Their Bets

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.