Hodges Capital Management Inc. Has $12.50 Million Position in Taylor Morrison Home Corporation $TMHC

Hodges Capital Management Inc. trimmed its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 9.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 203,513 shares of the construction company’s stock after selling 22,231 shares during the quarter. Taylor Morrison Home comprises about 1.2% of Hodges Capital Management Inc.’s holdings, making the stock its 20th biggest position. Hodges Capital Management Inc. owned 0.20% of Taylor Morrison Home worth $12,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at about $28,000. Parallel Advisors LLC boosted its holdings in Taylor Morrison Home by 29.9% in the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock worth $54,000 after acquiring an additional 203 shares in the last quarter. IFP Advisors Inc bought a new position in Taylor Morrison Home in the second quarter worth approximately $65,000. Quarry LP grew its stake in Taylor Morrison Home by 62.8% in the first quarter. Quarry LP now owns 1,146 shares of the construction company’s stock valued at $69,000 after acquiring an additional 442 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Taylor Morrison Home by 71.8% during the second quarter. GAMMA Investing LLC now owns 1,158 shares of the construction company’s stock valued at $71,000 after acquiring an additional 484 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 1.1%

NYSE:TMHC opened at $59.21 on Monday. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49. The firm has a 50-day moving average price of $64.52 and a two-hundred day moving average price of $62.48. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 7.13 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.18. The company had revenue of $94.84 million during the quarter, compared to analyst estimates of $2.03 billion. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.Taylor Morrison Home’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.40 earnings per share. On average, equities analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

TMHC has been the topic of a number of recent research reports. 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. Royal Bank Of Canada lowered their target price on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Bank of America dropped their price target on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Taylor Morrison Home in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $75.29.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the completion of the transaction, the director owned 48,191 shares in the company, valued at $3,373,370. This represents a 22.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Curtis Vanhyfte sold 5,082 shares of Taylor Morrison Home stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $69.97, for a total value of $355,587.54. Following the sale, the chief financial officer owned 11,742 shares in the company, valued at $821,587.74. The trade was a 30.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 57,597 shares of company stock worth $4,064,474 in the last quarter. 1.40% of the stock is currently owned by company insiders.

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.