Blue Trust Inc. Raises Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Blue Trust Inc. grew its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 23.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,307 shares of the construction company’s stock after buying an additional 805 shares during the period. Blue Trust Inc.’s holdings in Taylor Morrison Home were worth $239,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Taylor Morrison Home by 9,467.3% during the fourth quarter. International Assets Investment Management LLC now owns 14,351 shares of the construction company’s stock worth $766,000 after purchasing an additional 14,201 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Taylor Morrison Home by 17.7% in the fourth quarter. Cerity Partners LLC now owns 8,741 shares of the construction company’s stock valued at $466,000 after acquiring an additional 1,316 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Taylor Morrison Home during the fourth quarter worth about $48,000. AIA Group Ltd acquired a new position in shares of Taylor Morrison Home during the fourth quarter worth about $207,000. Finally, CWM LLC raised its holdings in Taylor Morrison Home by 17.2% during the fourth quarter. CWM LLC now owns 1,804 shares of the construction company’s stock worth $96,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the sale, the director now owns 2,225,316 shares in the company, valued at approximately $147,560,703.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $68.25, for a total value of $1,928,676.75. Following the completion of the transaction, the director now owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the sale, the director now owns 2,225,316 shares in the company, valued at approximately $147,560,703.96. The disclosure for this sale can be found here. Insiders sold a total of 90,000 shares of company stock valued at $5,966,317 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Down 0.3 %

Shares of TMHC stock opened at $61.57 on Monday. Taylor Morrison Home Co. has a fifty-two week low of $37.23 and a fifty-two week high of $69.62. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $59.48 and a 200-day simple moving average of $58.00. The stock has a market cap of $6.42 billion, a P/E ratio of 8.81 and a beta of 1.95.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.06. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.87 billion. On average, analysts forecast that Taylor Morrison Home Co. will post 7.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Barclays lifted their price target on Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Wedbush reiterated a “neutral” rating and issued a $65.00 price objective (up previously from $61.00) on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Raymond James began coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.60.

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.