Mutual of America Capital Management LLC cut its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC – Free Report) by 6.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 247,853 shares of the construction company’s stock after selling 16,494 shares during the period. Mutual of America Capital Management LLC owned approximately 0.25% of Taylor Morrison Home worth $15,223,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock valued at $40,000 after acquiring an additional 444 shares during the last quarter. KBC Group NV increased its position in shares of Taylor Morrison Home by 16.7% during the first quarter. KBC Group NV now owns 4,987 shares of the construction company’s stock valued at $299,000 after acquiring an additional 714 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of Taylor Morrison Home during the first quarter valued at about $243,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Taylor Morrison Home by 10.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company’s stock valued at $552,000 after purchasing an additional 900 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Taylor Morrison Home by 15.6% in the first quarter. Cerity Partners LLC now owns 24,507 shares of the construction company’s stock valued at $1,471,000 after purchasing an additional 3,311 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently weighed in on TMHC shares. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Bank of America dropped their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Taylor Morrison Home in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home presently has an average rating of “Buy” and a consensus target price of $77.13.
Taylor Morrison Home Trading Down 0.0%
NYSE TMHC opened at $61.73 on Friday. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49. The stock has a market capitalization of $6.20 billion, a PE ratio of 7.13 and a beta of 1.61. The firm has a 50 day moving average of $66.79 and a two-hundred day moving average of $62.04.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the business posted $1.86 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. As a group, research analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.
Insiders Place Their Bets
In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the completion of the transaction, the director owned 48,191 shares in the company, valued at $3,373,370. The trade was a 22.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sheryl Palmer sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Insiders sold 67,351 shares of company stock worth $4,700,630 in the last 90 days. Corporate insiders own 1.40% 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.
Featured Stories
- Five stocks we like better than Taylor Morrison Home
- What Are Dividend Contenders? Investing in Dividend Contenders
- Johnson & Johnson’s M&A Strategy Is the Real Story for Investors
- What is the Euro STOXX 50 Index?
- Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?
- What is the Hang Seng index?
- Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?
Receive News & Ratings for Taylor Morrison Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Morrison Home and related companies with MarketBeat.com's FREE daily email newsletter.