Schubert & Co Has $369,000 Stock Position in Taylor Morrison Home Corporation $TMHC

Schubert & Co lowered its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 25.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,012 shares of the construction company’s stock after selling 2,035 shares during the quarter. Schubert & Co’s holdings in Taylor Morrison Home were worth $369,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TMHC. Farther Finance Advisors LLC grew its holdings in Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock worth $48,000 after acquiring an additional 262 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock valued at $40,000 after purchasing an additional 444 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Taylor Morrison Home by 27.8% in the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company’s stock valued at $62,000 after purchasing an additional 225 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Taylor Morrison Home in the 1st quarter valued at about $258,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Taylor Morrison Home by 17.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company’s stock valued at $484,000 after purchasing an additional 1,201 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Insiders Place Their Bets

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total transaction of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares in the company, valued at approximately $923,710.86. This represents a 40.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sheryl Palmer sold 25,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $70.20, for a total value of $1,755,000.00. Following the transaction, the chief executive officer owned 383,988 shares in the company, valued at $26,955,957.60. The trade was a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,351 shares of company stock worth $4,700,630. Corporate insiders own 1.40% of the company’s stock.

Taylor Morrison Home Stock Down 0.0%

TMHC stock opened at $61.73 on Friday. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.20 billion, a PE ratio of 7.13 and a beta of 1.61. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49. The business has a 50-day simple moving average of $66.79 and a 200 day simple moving average of $62.04.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TMHC shares. Seaport Res Ptn raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Taylor Morrison Home in a research note on Wednesday, October 8th. Finally, Bank of America reduced their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $77.13.

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.