Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 121.1% in the 3rd quarter, Holdings Channel reports. The fund owned 4,190 shares of the construction company’s stock after buying an additional 2,295 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Taylor Morrison Home were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of TMHC. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home in the 3rd quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Taylor Morrison Home during the 2nd quarter valued at approximately $31,000. Harbor Capital Advisors Inc. acquired a new stake in Taylor Morrison Home in the 3rd quarter valued at $34,000. UMB Bank n.a. increased its holdings 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 worth $38,000 after acquiring an additional 388 shares in the last quarter. Finally, Peterson Financial Group Inc. purchased a new position in Taylor Morrison Home during the third quarter valued at $62,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TMHC shares. Royal Bank of Canada raised their price target 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. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. BTIG Research raised their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Finally, StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.33.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 2,136,241 shares of the company’s stock, valued at approximately $153,980,251.28. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Darrell Sherman sold 68,433 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the completion of the sale, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,699,798.50. This trade represents a 38.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,337 shares of company stock worth $7,356,683 over the last quarter. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $74.11 on Wednesday. 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 stock has a market cap of $7.67 billion, a P/E ratio of 9.80 and a beta of 1.96. The company has a 50-day moving average price of $69.65 and a 200 day moving average price of $63.87. Taylor Morrison Home Co. has a 12-month low of $44.32 and a 12-month high of $75.49.

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. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 EPS. Sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

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.