Franklin Resources Inc. Purchases 81,841 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Franklin Resources Inc. boosted its position in Taylor Morrison Home Co. (NYSE:TMHC) by 15.3% in the third quarter, HoldingsChannel reports. The firm owned 618,360 shares of the construction company’s stock after buying an additional 81,841 shares during the quarter. Franklin Resources Inc.’s holdings in Taylor Morrison Home were worth $42,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors LLC bought a new position in shares of Taylor Morrison Home in the third quarter valued at approximately $10,291,000. Sanctuary Advisors LLC grew its stake in Taylor Morrison Home by 16.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,464 shares of the construction company’s stock valued at $1,099,000 after purchasing an additional 2,158 shares during the period. First Dallas Securities Inc. purchased a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at $200,000. M&T Bank Corp purchased a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at $228,000. Finally, Barclays PLC raised its stake in shares of Taylor Morrison Home by 66.4% during the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock worth $29,539,000 after purchasing an additional 167,735 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling

In related news, 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 value of $1,872,990.00. Following the completion of the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This trade represents a 19.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $1,808,186.64. Following the sale, the director now directly owns 2,045,316 shares in the company, 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 a total of 128,549 shares of company stock worth $9,159,829 over the last ninety days. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TMHC. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. BTIG Research raised their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Raymond James reiterated an “outperform” rating and issued a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price objective on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Finally, Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.33.

Taylor Morrison Home Trading Down 1.2 %

NYSE:TMHC opened at $63.85 on Wednesday. The company has a market cap of $6.61 billion, a P/E ratio of 8.45 and a beta of 1.97. Taylor Morrison Home Co. has a 1 year low of $50.00 and a 1 year high of $75.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The stock’s fifty day moving average price is $69.69 and its two-hundred day moving average price is $65.02.

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 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 last year, the company earned $1.62 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year. As a group, analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Taylor Morrison Home Company 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.