Allianz Asset Management GmbH Buys 133,347 Shares of Taylor Morrison Home Corporation $TMHC

Allianz Asset Management GmbH boosted its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 27.9% during the second quarter, Holdings Channel reports. The firm owned 610,475 shares of the construction company’s stock after acquiring an additional 133,347 shares during the quarter. Allianz Asset Management GmbH’s holdings in Taylor Morrison Home were worth $37,495,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Covestor Ltd increased its holdings in Taylor Morrison Home by 14.9% during the 1st quarter. Covestor Ltd now owns 1,292 shares of the construction company’s stock valued at $78,000 after purchasing an additional 168 shares during the period. Cornerstone Select Advisors LLC increased its holdings in Taylor Morrison Home by 0.7% during the 1st quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company’s stock valued at $1,452,000 after purchasing an additional 175 shares during the period. Nisa Investment Advisors LLC increased its holdings in Taylor Morrison Home by 6.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company’s stock valued at $207,000 after purchasing an additional 197 shares during the period. Avantax Advisory Services Inc. increased its holdings in Taylor Morrison Home by 3.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company’s stock valued at $354,000 after purchasing an additional 201 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Taylor Morrison Home by 29.9% during the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock valued at $54,000 after purchasing an additional 203 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 0.0%

TMHC stock opened at $61.73 on Friday. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The business’s 50 day moving average price is $66.79 and its two-hundred day moving average price is $62.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 7.13 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the business earned $1.86 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 13,513 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $72.06, for a total value of $973,746.78. Following the sale, the chief executive officer directly owned 370,475 shares of the company’s stock, valued at $26,696,428.50. The trade was a 3.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Curtis Vanhyfte sold 5,082 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $69.97, for a total value of $355,587.54. Following the completion of the sale, the chief financial officer directly owned 11,742 shares in the company, valued at approximately $821,587.74. This represents a 30.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,351 shares of company stock valued at $4,700,630 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Seaport Res Ptn upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Bank of America reduced their price target on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Taylor Morrison Home in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of “Buy” and an average target price of $77.13.

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.