TFB Advisors LLC Acquires 1,268 Shares of Taylor Morrison Home Corporation $TMHC

TFB Advisors LLC increased its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 18.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,315 shares of the construction company’s stock after purchasing an additional 1,268 shares during the period. TFB Advisors LLC’s holdings in Taylor Morrison Home were worth $511,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Taylor Morrison Home by 193.0% during 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 during the period. Parallel Advisors LLC grew its holdings in Taylor Morrison Home by 29.9% during the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock worth $54,000 after purchasing an additional 203 shares during the period. IFP Advisors Inc bought a new position in Taylor Morrison Home during the second quarter worth about $65,000. Quarry LP grew its holdings in Taylor Morrison Home by 62.8% during the first quarter. Quarry LP now owns 1,146 shares of the construction company’s stock worth $69,000 after purchasing an additional 442 shares during the period. Finally, Reyes Financial Architecture Inc. grew its holdings in Taylor Morrison Home by 33.5% during the first quarter. Reyes Financial Architecture Inc. now owns 1,283 shares of the construction company’s stock worth $77,000 after purchasing an additional 322 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $60.62 on Thursday. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The stock’s 50 day moving average is $66.50 and its 200-day moving average is $62.08. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 7.00 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.93 by $0.18. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.40 earnings per share. Equities research analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on TMHC. Bank of America reduced their price target on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday, October 10th. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Taylor Morrison Home in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $77.13.

Insider Activity at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 13,513 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $72.06, for a total value of $973,746.78. Following the completion of the sale, the chief executive officer directly owned 370,475 shares in the company, valued at approximately $26,696,428.50. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Curtis Vanhyfte sold 5,082 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 11,742 shares of the company’s stock, valued at approximately $821,587.74. This trade represents a 30.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,351 shares of company stock worth $4,700,630. Company 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.