Coppell Advisory Solutions LLC Acquires Shares of 18,161 Taylor Morrison Home Corporation $TMHC

Coppell Advisory Solutions LLC purchased a new position in Taylor Morrison Home Corporation (NYSE:TMHC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,161 shares of the construction company’s stock, valued at approximately $1,034,000.

Other large investors also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in shares of Taylor Morrison Home during the fourth quarter worth approximately $29,000. GAMMA Investing LLC grew its stake in Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after purchasing an additional 444 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock worth $48,000 after purchasing an additional 262 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Taylor Morrison Home by 50.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company’s stock worth $51,000 after buying an additional 282 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of Taylor Morrison Home by 27.8% in the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company’s stock worth $62,000 after buying an additional 225 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 25,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $70.20, for a total value of $1,755,000.00. Following the completion of the sale, the chief executive officer owned 383,988 shares of the company’s stock, valued at $26,955,957.60. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Curtis Vanhyfte sold 9,754 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total value of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares in the company, valued at $923,710.86. This represents a 40.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,349 shares of company stock worth $3,720,490 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of several recent research reports. Seaport Res Ptn upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Wall Street Zen cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $76.88.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $71.79 on Tuesday. The company has a market capitalization of $7.21 billion, a PE ratio of 8.29 and a beta of 1.58. The company has a 50-day simple moving average of $65.18 and a two-hundred day simple moving average of $60.97. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.08. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $1.86 EPS. Research 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.