Charles Schwab Investment Management Inc. Has $95.70 Million Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Charles Schwab Investment Management Inc. boosted its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 26.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,362,020 shares of the construction company’s stock after acquiring an additional 282,227 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Taylor Morrison Home were worth $95,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Taylor Morrison Home during the third quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Taylor Morrison Home in the 2nd quarter valued at about $31,000. Harbor Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at about $34,000. UMB Bank n.a. boosted its holdings in shares of Taylor Morrison Home by 263.9% during the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after buying an additional 388 shares in the last quarter. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter worth approximately $62,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Buying and Selling

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,645,190. The trade was a 19.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following the sale, the director now directly owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,337 shares of company stock worth $7,356,683 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TMHC shares. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Raymond James reissued an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Finally, BTIG Research upped their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.33.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $74.11 on Wednesday. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 9.80 and a beta of 1.96. The business has a 50 day moving average of $69.65 and a 200 day moving average of $63.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home Co. has a 1-year low of $44.32 and a 1-year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.31. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 earnings per share. On average, sell-side analysts predict that Taylor Morrison Home Co. will post 8.44 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.