Assetmark Inc. Increases Stock Position in Taylor Morrison Home Corporation $TMHC

Assetmark Inc. increased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 5.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 827,090 shares of the construction company’s stock after buying an additional 43,905 shares during the period. Assetmark Inc. owned 0.82% of Taylor Morrison Home worth $50,800,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after buying an additional 444 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Taylor Morrison Home by 29.9% during the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock worth $54,000 after buying an additional 203 shares in the last quarter. IFP Advisors Inc purchased a new stake in Taylor Morrison Home during the second quarter worth $65,000. Quarry LP boosted its holdings in Taylor Morrison Home by 62.8% during the first quarter. Quarry LP now owns 1,146 shares of the construction company’s stock worth $69,000 after buying an additional 442 shares in the last quarter. Finally, Reyes Financial Architecture Inc. boosted its holdings in Taylor Morrison Home by 33.5% during the first quarter. Reyes Financial Architecture Inc. now owns 1,283 shares of the construction company’s stock worth $77,000 after buying an additional 322 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 value of $355,587.54. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sheryl Palmer sold 13,513 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the sale, the chief executive officer owned 370,475 shares of the company’s stock, valued at $26,696,428.50. This trade represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 67,351 shares of company stock worth $4,700,630 over the last three months. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reduced their price objective on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Thursday. 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 for the company in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat, Taylor Morrison Home presently has a consensus rating of “Buy” and a consensus price target of $75.29.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $59.07 on Friday. The firm has a 50-day simple moving average of $65.58 and a 200-day simple moving average of $62.29. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 7.12 and a beta of 1.61. 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 Corporation has a 52 week low of $51.90 and a 52 week high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.18. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.40 earnings per share. On average, equities analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share 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.