Taylor Morrison Home Corporation $TMHC Shares Sold by Ethic Inc.

Ethic Inc. lessened its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 20.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,424 shares of the construction company’s stock after selling 5,522 shares during the quarter. Ethic Inc.’s holdings in Taylor Morrison Home were worth $1,313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after buying an additional 444 shares during the period. KBC Group NV boosted its position in Taylor Morrison Home by 16.7% in the 1st quarter. KBC Group NV now owns 4,987 shares of the construction company’s stock worth $299,000 after purchasing an additional 714 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in Taylor Morrison Home in the 1st quarter worth approximately $243,000. Sumitomo Mitsui Trust Group Inc. boosted its position in Taylor Morrison Home by 10.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company’s stock worth $552,000 after purchasing an additional 900 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in Taylor Morrison Home by 15.6% in the 1st quarter. Cerity Partners LLC now owns 24,507 shares of the construction company’s stock worth $1,471,000 after purchasing an additional 3,311 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Activity at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 25,000 shares of the stock in a transaction on Friday, August 22nd. The stock was 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 directly owned 383,988 shares of the company’s stock, valued at approximately $26,955,957.60. This represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Curtis Vanhyfte sold 9,754 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the sale, the chief financial officer directly owned 14,163 shares of the company’s stock, valued at $923,710.86. This trade represents a 40.78% 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 valued at $4,700,630. 1.40% of the stock is owned by insiders.

Taylor Morrison Home Stock Down 1.3%

NYSE TMHC opened at $60.31 on Monday. The business has a fifty day moving average price of $66.21 and a 200 day moving average price of $62.24. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02. The company has a market cap of $6.05 billion, a P/E ratio of 7.27 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the company earned $2.40 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. Research analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on TMHC. Wedbush restated an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research report on Thursday. Bank of America lowered their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Taylor Morrison Home in a research report on Wednesday, October 8th. Seaport Res Ptn upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada decreased their target price on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat.com, Taylor Morrison Home has a consensus rating of “Buy” and a consensus price target of $76.38.

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.