Inspire Advisors LLC Sells 1,781 Shares of Taylor Morrison Home Corporation $TMHC

Inspire Advisors LLC trimmed its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 14.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,944 shares of the construction company’s stock after selling 1,781 shares during the quarter. Inspire Advisors LLC’s holdings in Taylor Morrison Home were worth $672,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TMHC. American Century Companies Inc. increased its position in shares of Taylor Morrison Home by 14.4% in the 1st quarter. American Century Companies Inc. now owns 877,305 shares of the construction company’s stock valued at $52,673,000 after buying an additional 110,619 shares in the last quarter. Nuveen LLC acquired a new position in Taylor Morrison Home in the first quarter valued at about $51,329,000. Assetmark Inc. increased its holdings in shares of Taylor Morrison Home by 5.6% in the second quarter. Assetmark Inc. now owns 827,090 shares of the construction company’s stock worth $50,800,000 after acquiring an additional 43,905 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Taylor Morrison Home by 27.9% in the first quarter. Millennium Management LLC now owns 766,261 shares of the construction company’s stock worth $46,006,000 after acquiring an additional 167,366 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Taylor Morrison Home by 8.6% during the first quarter. Ameriprise Financial Inc. now owns 696,078 shares of the construction company’s stock worth $41,795,000 after purchasing an additional 54,908 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Activity at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 5,082 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $69.97, for a total transaction of $355,587.54. Following the completion of the transaction, the chief financial officer directly owned 11,742 shares in the company, valued at $821,587.74. This represents a 30.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sheryl Palmer sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $70.20, for a total value of $1,755,000.00. Following the completion of the transaction, the chief executive officer owned 383,988 shares of the company’s stock, valued at $26,955,957.60. The trade was a 6.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 57,597 shares of company stock valued at $4,064,474. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings lowered Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, November 13th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Bank of America lowered their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Royal Bank Of Canada dropped their price objective 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. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Buy” and an average target price of $75.29.

Taylor Morrison Home Trading Up 0.9%

NYSE:TMHC opened at $58.34 on Wednesday. The company has a market cap of $5.70 billion, a P/E ratio of 7.03 and a beta of 1.58. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The business has a 50 day moving average price of $63.13 and a two-hundred day moving average price of $62.57. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35.

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