Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 54.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 41,421 shares of the construction company’s stock after selling 50,519 shares during the quarter. Edgestream Partners L.P.’s holdings in Taylor Morrison Home were worth $2,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Taylor Morrison Home during the 3rd quarter valued at approximately $29,000. Harbor Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home during the 3rd quarter valued at approximately $34,000. UMB Bank n.a. increased its holdings in shares of Taylor Morrison Home by 263.9% during the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Taylor Morrison Home during the 2nd quarter valued at approximately $31,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of Taylor Morrison Home during the 3rd quarter valued at approximately $62,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Taylor Morrison Home

In other news, EVP Darrell Sherman sold 26,757 shares of the business’s 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the sale, the director now owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,621 shares of company stock valued at $9,164,869 in the last 90 days. 3.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on TMHC. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Barclays boosted 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 report on Thursday, October 24th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Raymond James reissued an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Finally, Royal Bank of Canada boosted their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.33.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $73.87 on Monday. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 9.77 and a beta of 1.96. Taylor Morrison Home Co. has a 1-year low of $44.59 and a 1-year high of $75.49. The firm’s fifty day moving average price is $69.86 and its 200 day moving average price is $64.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.31. The business 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 business’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.62 EPS. On average, sell-side analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current 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.