Foster & Motley Inc. Has $2.71 Million Position in Taylor Morrison Home Corporation $TMHC

Foster & Motley Inc. increased its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 23.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,043 shares of the construction company’s stock after buying an additional 8,472 shares during the quarter. Foster & Motley Inc.’s holdings in Taylor Morrison Home were worth $2,705,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TMHC. GAMMA Investing LLC grew its position in Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after buying an additional 444 shares in the last quarter. Farther Finance Advisors LLC grew its position in Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock worth $48,000 after buying an additional 262 shares in the last quarter. Parallel Advisors LLC grew its position in Taylor Morrison Home by 29.9% during the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock worth $54,000 after buying an additional 203 shares in the last quarter. Fifth Third Bancorp grew its position in Taylor Morrison Home by 27.8% during the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company’s stock worth $62,000 after buying an additional 225 shares in the last quarter. Finally, IFP Advisors Inc acquired a new stake in Taylor Morrison Home during the second quarter worth approximately $65,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TMHC. Bank of America reduced their target price 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. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed 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 issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $77.13.

Taylor Morrison Home Stock Down 0.0%

Shares of TMHC opened at $61.73 on Friday. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 7.13 and a beta of 1.61. 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 stock has a fifty day moving average of $66.79 and a 200-day moving average of $62.04.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating 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 company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the company earned $1.86 EPS. Taylor Morrison Home’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Anne L. Mariucci sold 14,002 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the completion of the transaction, the director directly owned 48,191 shares in the company, valued at approximately $3,373,370. This represents a 22.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sheryl Palmer sold 25,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $70.20, for a total value of $1,755,000.00. Following the completion of the transaction, the chief executive officer owned 383,988 shares of the company’s stock, valued at $26,955,957.60. The trade was a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,351 shares of company stock worth $4,700,630. Insiders own 1.40% of the company’s stock.

Taylor Morrison Home Company 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.