Peterson Financial Group Inc. Buys Shares of 881 Taylor Morrison Home Co. (NYSE:TMHC)

Peterson Financial Group Inc. bought a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the third quarter, HoldingsChannel reports. The institutional investor bought 881 shares of the construction company’s stock, valued at approximately $62,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TMHC. ProShare Advisors LLC increased its holdings in Taylor Morrison Home by 4.6% during the first quarter. ProShare Advisors LLC now owns 23,871 shares of the construction company’s stock valued at $1,484,000 after buying an additional 1,057 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Taylor Morrison Home by 25.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 37,829 shares of the construction company’s stock worth $2,352,000 after purchasing an additional 7,780 shares during the period. Nwam LLC bought a new position in shares of Taylor Morrison Home in the first quarter worth approximately $205,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Taylor Morrison Home by 0.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 96,430 shares of the construction company’s stock worth $5,996,000 after purchasing an additional 641 shares during the period. Finally, Hyperion Capital Advisors LP bought a new position in shares of Taylor Morrison Home in the first quarter worth approximately $259,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Taylor Morrison Home

In other news, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the sale, the executive vice president now owns 109,217 shares of the company’s stock, valued at approximately $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William H. Lyon sold 9,075 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the sale, the director now directly owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,337 shares of company stock worth $7,356,683 over the last 90 days. 3.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays upped their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Raymond James reiterated an “outperform” rating and issued a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Finally, Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Taylor Morrison Home currently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $70.02 on Friday. 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 firm has a fifty day moving average price of $68.99 and a 200 day moving average price of $63.14. Taylor Morrison Home Co. has a fifty-two week low of $44.32 and a fifty-two week high of $74.69. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 9.26 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. Taylor Morrison Home’s revenue for the quarter was up 26.6% on a year-over-year basis. As a group, sell-side analysts expect that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

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.