Oppenheimer & Co. Inc. Has $2.05 Million Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Oppenheimer & Co. Inc. reduced its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 21.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,145 shares of the construction company’s stock after selling 8,068 shares during the period. Oppenheimer & Co. Inc.’s holdings in Taylor Morrison Home were worth $2,048,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TMHC. V Square Quantitative Management LLC bought a new stake in shares of Taylor Morrison Home in the third quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Taylor Morrison Home during the second quarter worth about $31,000. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home during the third quarter worth about $34,000. UMB Bank n.a. raised its position in Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after buying an additional 388 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Taylor Morrison Home in the 2nd quarter valued at approximately $100,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $70.02 on Friday. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $68.99 and its two-hundred day moving average price is $63.14. The company has a market cap of $7.25 billion, a PE ratio of 9.26 and a beta of 1.96. Taylor Morrison Home Co. has a twelve month low of $44.32 and a twelve month high of $74.69.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the business earned $1.62 EPS. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, analysts predict that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Insider Activity

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,645,190. This represents a 19.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the transaction, the director now owns 2,136,241 shares in the company, valued at $153,980,251.28. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,337 shares of company stock valued at $7,356,683 over the last ninety days. 3.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BTIG Research lifted their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Raymond James restated an “outperform” rating and issued a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Barclays increased their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Finally, Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.33.

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.