Foster & Motley Inc. Has $1.61 Million Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Foster & Motley Inc. trimmed its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,878 shares of the construction company’s stock after selling 601 shares during the quarter. Foster & Motley Inc.’s holdings in Taylor Morrison Home were worth $1,607,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TMHC. Wedge Capital Management L L P NC raised its position in shares of Taylor Morrison Home by 1,910.4% during the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after purchasing an additional 691,711 shares during the period. Assenagon Asset Management S.A. grew its holdings in Taylor Morrison Home by 271.0% during the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after buying an additional 654,541 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in Taylor Morrison Home by 203.0% during the first quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock worth $27,400,000 after buying an additional 295,256 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Taylor Morrison Home by 18.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock worth $43,590,000 after buying an additional 122,864 shares in the last quarter. Finally, EMG Holdings L.P. bought a new stake in Taylor Morrison Home during the second quarter worth $6,098,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Down 1.4 %

TMHC stock opened at $70.66 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 9.35 and a beta of 1.96. Taylor Morrison Home Co. has a fifty-two week low of $41.99 and a fifty-two week high of $71.95. The stock has a fifty day moving average of $68.22 and a 200-day moving average of $62.48.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 EPS. As a group, equities research analysts predict that Taylor Morrison Home Co. will post 8.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TMHC shares. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Raymond James reiterated an “outperform” rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Finally, BTIG Research upped their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Insider Transactions at Taylor Morrison Home

In other news, EVP Darrell Sherman sold 68,433 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the completion of the transaction, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,699,798.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders sold 95,262 shares of company stock worth $6,702,557. 3.50% of the stock is owned by company insiders.

About Taylor Morrison Home

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.