Los Angeles Capital Management LLC Has $1.17 Million Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Los Angeles Capital Management LLC trimmed its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 1.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,684 shares of the construction company’s stock after selling 200 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Taylor Morrison Home were worth $1,172,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meritage Portfolio Management raised its position in Taylor Morrison Home by 9.2% in the 3rd quarter. Meritage Portfolio Management now owns 11,235 shares of the construction company’s stock valued at $789,000 after buying an additional 949 shares during the last quarter. AIA Group Ltd raised its position in Taylor Morrison Home by 94.1% during the third quarter. AIA Group Ltd now owns 7,548 shares of the construction company’s stock worth $530,000 after acquiring an additional 3,659 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after purchasing an additional 69,222 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Taylor Morrison Home by 40.5% in the third quarter. QRG Capital Management Inc. now owns 16,048 shares of the construction company’s stock valued at $1,128,000 after buying an additional 4,625 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in Taylor Morrison Home during the 3rd quarter valued at $947,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several brokerages have issued reports on TMHC. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Raymond James reaffirmed an “outperform” rating and issued a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Barclays lifted their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.33.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $70.18 on Friday. The company has a market cap of $7.26 billion, a P/E ratio of 9.28 and a beta of 1.96. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $68.75 and a two-hundred day moving average price of $63.00. Taylor Morrison Home Co. has a 1-year low of $44.32 and a 1-year high of $74.69.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.31. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The company’s revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 earnings per share. As a group, analysts anticipate that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Taylor Morrison Home Company 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.