Vision Capital Corp Invests $38.17 Million in Taylor Morrison Home Co. (NYSE:TMHC)

Vision Capital Corp acquired a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 543,316 shares of the construction company’s stock, valued at approximately $38,173,000. Taylor Morrison Home makes up 6.2% of Vision Capital Corp’s investment portfolio, making the stock its 2nd largest position. Vision Capital Corp owned approximately 0.53% of Taylor Morrison Home at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Principal Financial Group Inc. increased its position in shares of Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after acquiring an additional 69,222 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Taylor Morrison Home by 26.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after purchasing an additional 282,227 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Taylor Morrison Home by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company’s stock worth $80,938,000 after purchasing an additional 28,166 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Taylor Morrison Home by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock worth $59,125,000 after purchasing an additional 4,638 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Taylor Morrison Home by 271.0% in the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock valued at $62,955,000 after buying an additional 654,541 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TMHC. Royal Bank of Canada raised their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Barclays raised their price target 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. Finally, BTIG Research lifted their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Taylor Morrison Home Trading Up 1.9 %

Shares of Taylor Morrison Home stock opened at $72.40 on Monday. Taylor Morrison Home Co. has a 52-week low of $44.32 and a 52-week high of $74.69. The stock has a market cap of $7.49 billion, a PE ratio of 9.40 and a beta of 1.96. The firm has a 50-day moving average of $69.45 and a 200-day moving average of $63.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results 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 firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The business’s revenue was up 26.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Insider Activity at Taylor Morrison Home

In other news, Director William H. Lyon sold 9,075 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the transaction, the director now owns 2,136,241 shares of the company’s stock, valued at approximately $153,980,251.28. This represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,337 shares of company stock worth $7,356,683. Company insiders own 3.50% of the company’s stock.

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.