Taylor Morrison Home Co. (NYSE:TMHC) Stock Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC raised its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 14.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,862 shares of the construction company’s stock after purchasing an additional 2,705 shares during the period. Natixis Advisors LLC’s holdings in Taylor Morrison Home were worth $1,536,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Wedge Capital Management L L P NC increased its holdings in Taylor Morrison Home by 1,910.4% in the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after buying an additional 691,711 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Taylor Morrison Home by 271.0% in the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after acquiring an additional 654,541 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of 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 last quarter. EMG Holdings L.P. bought a new position in shares of Taylor Morrison Home during the 2nd quarter valued at $6,098,000. Finally, AXA S.A. acquired a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at $5,950,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $74.80 on Tuesday. Taylor Morrison Home Co. has a 12 month low of $44.32 and a 12 month high of $75.49. The company has a market cap of $7.74 billion, a P/E ratio of 9.89 and a beta of 1.96. The business’s 50 day moving average is $69.56 and its two-hundred day moving average is $63.76. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm posted $1.62 earnings per share. Taylor Morrison Home’s revenue was up 26.6% compared to the same quarter last year. On average, equities analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Insider Transactions at Taylor Morrison Home

In other news, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, October 28th. The stock was 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 of the company’s stock, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Lyon sold 9,075 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. The trade was a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,337 shares of company stock worth $7,356,683. 3.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on TMHC. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Raymond James reissued an “outperform” rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. 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 report on Thursday, October 24th. Finally, Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus price target 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.