Taylor Morrison Home Corporation $TMHC Stock Position Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC cut its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 4.2% in the second quarter, Holdings Channel reports. The firm owned 36,169 shares of the construction company’s stock after selling 1,593 shares during the period. Yousif Capital Management LLC’s holdings in Taylor Morrison Home were worth $2,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMHC. Farther Finance Advisors LLC raised its stake in shares of Taylor Morrison Home by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock valued at $48,000 after acquiring an additional 262 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock valued at $40,000 after acquiring an additional 444 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Taylor Morrison Home by 27.8% in the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company’s stock valued at $62,000 after acquiring an additional 225 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Taylor Morrison Home in the 1st quarter valued at approximately $258,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Taylor Morrison Home by 17.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company’s stock valued at $484,000 after acquiring an additional 1,201 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $61.73 on Friday. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The firm has a market capitalization of $6.20 billion, a PE ratio of 7.13 and a beta of 1.61. The business’s 50 day moving average is $66.79 and its 200-day moving average is $62.04. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35.

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 the consensus estimate of $1.94 by $0.08. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.Taylor Morrison Home’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 EPS. Sell-side analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TMHC. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Taylor Morrison Home in a research note on Wednesday, October 8th. Finally, Bank of America cut their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $77.13.

Insider Activity at Taylor Morrison Home

In related news, CFO Curtis Vanhyfte sold 5,082 shares of the business’s stock in a transaction 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 sale, the chief financial officer owned 11,742 shares of the company’s stock, valued at $821,587.74. The trade was a 30.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sheryl Palmer sold 13,513 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $72.06, for a total value of $973,746.78. Following the completion of the sale, the chief executive officer directly owned 370,475 shares in the company, valued at approximately $26,696,428.50. This represents a 3.52% decrease in their position. 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 90 days. 1.40% of the stock is owned by corporate insiders.

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.