Walleye Capital LLC Acquires 72,784 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Walleye Capital LLC boosted its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 720.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,886 shares of the construction company’s stock after purchasing an additional 72,784 shares during the quarter. Walleye Capital LLC’s holdings in Taylor Morrison Home were worth $5,824,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TMHC. Price T Rowe Associates Inc. MD lifted its stake in Taylor Morrison Home by 2.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 78,897 shares of the construction company’s stock valued at $4,906,000 after buying an additional 2,028 shares during the period. Janus Henderson Group PLC lifted its stake in Taylor Morrison Home by 22.3% in the first 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. Comerica Bank lifted its stake in Taylor Morrison Home by 18.0% in the first quarter. Comerica Bank now owns 53,082 shares of the construction company’s stock valued at $3,300,000 after buying an additional 8,091 shares during the period. Cetera Advisors LLC acquired a new position in Taylor Morrison Home in the first quarter valued at approximately $475,000. Finally, Boston Partners acquired a new position in Taylor Morrison Home in the first quarter valued at approximately $1,296,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total value 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 $7,699,798.50. This represents a 38.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Lyon sold 9,075 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the transaction, the director now directly owns 2,136,241 shares in the company, valued at $153,980,251.28. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,621 shares of company stock worth $9,164,869 in the last quarter. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Trading Down 0.2 %

Shares of Taylor Morrison Home stock opened at $73.87 on Monday. The stock has a fifty day simple moving average of $69.86 and a 200 day simple moving average of $64.16. Taylor Morrison Home Co. has a 12-month low of $44.59 and a 12-month high of $75.49. The company has a market capitalization of $7.64 billion, a P/E ratio of 9.77 and a beta of 1.96. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last announced 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. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. Taylor Morrison Home’s revenue was up 26.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on TMHC shares. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays boosted their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Raymond James restated an “outperform” rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Finally, Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $65.00 to $85.00 in a report on Friday, October 25th. 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 data from MarketBeat, Taylor Morrison Home currently has an average rating of “Moderate Buy” and an average target price of $77.33.

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.