Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 6.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,038 shares of the construction company’s stock after selling 260 shares during the quarter. TD Private Client Wealth LLC’s holdings in Taylor Morrison Home were worth $284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MQS Management LLC acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter worth $768,000. Intech Investment Management LLC acquired a new stake in Taylor Morrison Home in the third quarter valued at about $1,899,000. Creative Planning boosted its holdings in 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 purchasing an additional 9,408 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Taylor Morrison Home by 18.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock worth $43,590,000 after purchasing an additional 122,864 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Taylor Morrison Home during the 3rd quarter worth approximately $947,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, 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 sale, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction that occurred on 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 completion of the sale, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,621 shares of company stock valued at $9,164,869. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $64.72 on Friday. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $69.82 and its 200 day moving average price is $64.81. Taylor Morrison Home Co. has a 52 week low of $49.98 and a 52 week high of $75.49. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 8.56 and a beta of 1.97.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business earned $1.62 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. As a group, research analysts forecast that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TMHC shares. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $90.00 in a research note on Wednesday. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus price target of $85.33.

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.