Sheets Smith Wealth Management Invests $550,000 in Taylor Morrison Home Co. (NYSE:TMHC)

Sheets Smith Wealth Management bought a new stake in Taylor Morrison Home Co. (NYSE:TMHC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,979 shares of the construction company’s stock, valued at approximately $550,000.

A number of other institutional investors also recently added to or reduced their stakes in TMHC. V Square Quantitative Management LLC acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at $29,000. Harbor Capital Advisors Inc. acquired a new stake in Taylor Morrison Home in the third quarter valued at $34,000. UMB Bank n.a. lifted its holdings in Taylor Morrison Home by 263.9% during the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after buying an additional 388 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after acquiring an additional 243 shares in the last quarter. Finally, Peterson Financial Group Inc. purchased a new position in shares of Taylor Morrison Home in the 3rd quarter valued at about $62,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $66.07 on Thursday. 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 Co. has a fifty-two week low of $50.99 and a fifty-two week high of $75.49. The firm has a 50-day simple moving average of $65.89 and a 200-day simple moving average of $66.14. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 8.74 and a beta of 2.01.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period last year, the firm earned $1.62 EPS. On average, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Insider Buying and Selling

In related news, Director William H. Lyon sold 9,075 shares of the firm’s 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 sale, the director now owns 2,136,241 shares in the company, valued at $153,980,251.28. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction that occurred 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 owns 109,217 shares in the company, valued at $7,645,190. The trade was a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,549 shares of company stock valued at $9,159,829 over the last three months. 3.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research note on Wednesday, January 8th. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their target price for the company from $65.00 to $85.00 in a report on Friday, October 25th. Raymond James reaffirmed an “outperform” rating and issued a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. Finally, StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.00.

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.