Nwam LLC Makes New $205,000 Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Nwam LLC purchased a new stake in Taylor Morrison Home Co. (NYSE:TMHC) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 2,911 shares of the construction company’s stock, valued at approximately $205,000.

Other institutional investors have also recently modified their holdings of the company. Wedge Capital Management L L P NC raised its holdings in shares of Taylor Morrison Home by 1,910.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after buying an additional 691,711 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after purchasing an additional 282,227 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Taylor Morrison Home by 18.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock valued at $43,590,000 after buying an additional 122,864 shares during the period. Finally, EMG Holdings L.P. acquired a new position in Taylor Morrison Home in the 2nd quarter valued at approximately $6,098,000. 95.16% of the stock is currently owned by institutional investors.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the transaction, the director now directly owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,337 shares of company stock valued at $7,356,683. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TMHC has been the topic of several analyst reports. Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. BTIG Research increased their price target 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. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Raymond James restated an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Finally, Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.33.

Taylor Morrison Home Stock Up 5.2 %

Shares of NYSE TMHC opened at $74.80 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The firm has a market cap of $7.74 billion, a PE ratio of 9.89 and a beta of 1.96. The company’s fifty day simple moving average is $69.56 and its 200 day simple moving average is $63.76. Taylor Morrison Home Co. has a 12-month low of $44.32 and a 12-month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) 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 company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The business’s revenue was up 26.6% on a year-over-year basis. As a group, sell-side analysts forecast 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.