Boston Partners Has $36.98 Million Stock Position in Taylor Morrison Home Corporation $TMHC

Boston Partners lifted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 596,892 shares of the construction company’s stock after purchasing an additional 5,962 shares during the period. Boston Partners owned 0.59% of Taylor Morrison Home worth $36,983,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vise Technologies Inc. bought a new position in Taylor Morrison Home during the second quarter valued at about $372,000. Allworth Financial LP raised its stake in shares of Taylor Morrison Home by 305.4% in the 2nd quarter. Allworth Financial LP now owns 1,346 shares of the construction company’s stock valued at $83,000 after acquiring an additional 1,014 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Taylor Morrison Home in the 2nd quarter worth approximately $869,000. Parkside Financial Bank & Trust lifted its holdings in Taylor Morrison Home by 13.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock worth $102,000 after purchasing an additional 190 shares during the last quarter. Finally, Aviva PLC bought a new stake in Taylor Morrison Home during the second quarter worth approximately $558,000. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $60.52 on Thursday. The firm has a market capitalization of $5.91 billion, a PE ratio of 7.29 and a beta of 1.58. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The business’s 50 day moving average is $64.10 and its 200-day moving average is $62.50.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TMHC. Wedbush reissued an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Royal Bank Of Canada dropped 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 cut their target price 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Thursday, October 30th. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. One equities research 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, the company presently has a consensus rating of “Buy” and a consensus price target of $75.29.

Insider Transactions at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 5,082 shares of Taylor Morrison Home 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 sale, the chief financial officer directly owned 11,742 shares in the company, valued at approximately $821,587.74. The trade was a 30.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sheryl Palmer sold 25,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $70.20, for a total transaction of $1,755,000.00. Following the completion of the sale, the chief executive officer directly owned 383,988 shares in the company, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 57,597 shares of company stock valued at $4,064,474. Company insiders own 1.40% of the company’s stock.

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.