OVERSEA CHINESE BANKING Corp Ltd Reduces Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

OVERSEA CHINESE BANKING Corp Ltd lowered its position in Taylor Morrison Home Co. (NYSE:TMHC) by 61.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,005 shares of the construction company’s stock after selling 8,126 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Taylor Morrison Home were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Resonant Capital Advisors LLC increased its stake in Taylor Morrison Home by 3.6% in the fourth quarter. Resonant Capital Advisors LLC now owns 8,135 shares of the construction company’s stock worth $434,000 after purchasing an additional 285 shares during the period. BTC Capital Management Inc. lifted its holdings in Taylor Morrison Home by 5.0% during the 3rd quarter. BTC Capital Management Inc. now owns 6,091 shares of the construction company’s stock valued at $260,000 after buying an additional 291 shares in the last quarter. Tectonic Advisors LLC grew its stake in Taylor Morrison Home by 1.1% in the 4th quarter. Tectonic Advisors LLC now owns 27,533 shares of the construction company’s stock worth $1,469,000 after acquiring an additional 296 shares in the last quarter. Diversified Trust Co increased its position in shares of Taylor Morrison Home by 4.2% during the fourth quarter. Diversified Trust Co now owns 7,681 shares of the construction company’s stock worth $410,000 after acquiring an additional 307 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of Taylor Morrison Home by 138.9% during the third quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock valued at $26,000 after acquiring an additional 357 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TMHC. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Seaport Res Ptn downgraded Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Barclays boosted their price target on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $57.20.

Taylor Morrison Home Stock Up 1.6 %

NYSE:TMHC opened at $55.09 on Tuesday. The company’s 50-day simple moving average is $57.36 and its 200-day simple moving average is $51.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 6.00. Taylor Morrison Home Co. has a fifty-two week low of $37.23 and a fifty-two week high of $62.64. The stock has a market capitalization of $5.86 billion, a P/E ratio of 7.89 and a beta of 1.87.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.23. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the company earned $2.93 earnings per share. The business’s revenue for the quarter was down 19.0% on a year-over-year basis. On average, equities analysts anticipate that Taylor Morrison Home Co. will post 7.29 earnings per share for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 724 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director William H. Lyon sold 33,400 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $56.04, for a total value of $1,871,736.00. Following the transaction, the director now directly owns 71,570 shares of the company’s stock, valued at approximately $4,010,782.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Joseph Terracciano sold 724 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The disclosure for this sale can be found here. Insiders have sold 613,537 shares of company stock valued at $36,409,767 in the last ninety days. Corporate insiders own 5.20% 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.