Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC reduced its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,148 shares of the construction company’s stock after selling 3,527 shares during the period. MetLife Investment Management LLC owned 0.11% of Taylor Morrison Home worth $7,739,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. MQS Management LLC acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $768,000. Janus Henderson Group PLC raised its holdings in Taylor Morrison Home by 22.3% in the 1st quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock valued at $4,761,000 after buying an additional 13,987 shares during the period. Wedge Capital Management L L P NC boosted its stake in 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 buying an additional 691,711 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Taylor Morrison Home during the third quarter valued at about $1,899,000. Finally, Creative Planning raised its stake in shares of Taylor Morrison Home by 46.3% in the 3rd quarter. Creative Planning now owns 29,723 shares of the construction company’s stock valued at $2,088,000 after acquiring an additional 9,408 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the sale, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Lyon sold 24,284 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,621 shares of company stock worth $9,164,869. 3.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TMHC has been the subject of a number of research analyst reports. Raymond James reaffirmed an “outperform” rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Finally, Barclays increased 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $77.33.

Taylor Morrison Home Stock Down 0.2 %

TMHC stock opened at $73.89 on Friday. Taylor Morrison Home Co. has a fifty-two week low of $44.59 and a fifty-two week high of $75.49. The company’s 50 day moving average price is $69.86 and its 200 day moving average price is $64.11. 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 market capitalization of $7.65 billion, a price-to-earnings ratio of 9.77 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 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 firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the firm posted $1.62 earnings per share. The company’s revenue was up 26.6% compared to the same quarter last year. On average, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

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.