MetLife Investment Management LLC Lowers Stock Position in Taylor Morrison Home Corporation $TMHC

MetLife Investment Management LLC reduced its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,365 shares of the construction company’s stock after selling 2,786 shares during the period. MetLife Investment Management LLC owned 0.11% of Taylor Morrison Home worth $6,927,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TMHC. Morse Asset Management Inc purchased a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $29,000. GAMMA Investing LLC lifted its holdings in Taylor Morrison Home by 193.0% in the 1st 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. Quarry LP lifted its holdings in Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after purchasing an additional 471 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Taylor Morrison Home by 49.5% in 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 in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in 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 purchasing an additional 282 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 25,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $70.20, for a total transaction of $1,755,000.00. Following the sale, the chief executive officer owned 383,988 shares in the company, valued at approximately $26,955,957.60. This represents a 6.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Curtis Vanhyfte sold 5,082 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $69.97, for a total value of $355,587.54. Following the sale, the chief financial officer owned 11,742 shares in the company, valued at $821,587.74. The trade was a 30.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,836 shares of company stock worth $2,746,743 in the last 90 days. 1.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on TMHC shares. Bank of America started coverage on Taylor Morrison Home in a report on Monday, May 5th. They issued a “buy” rating and a $70.00 price target on the stock. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Sunday, June 1st. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $76.88.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $67.31 on Thursday. The company’s 50-day moving average price is $63.82 and its 200-day moving average price is $60.67. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.76 billion, a PE ratio of 7.77 and a beta of 1.53.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $1.86 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast 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.