Ashton Thomas Private Wealth LLC Takes $100,000 Position in Taylor Morrison Home Co. (NYSE:TMHC)

Ashton Thomas Private Wealth LLC purchased a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the second quarter, HoldingsChannel.com reports. The fund purchased 1,795 shares of the construction company’s stock, valued at approximately $100,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TMHC. Forum Financial Management LP increased its stake in shares of Taylor Morrison Home by 3.9% during the 2nd quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock worth $246,000 after purchasing an additional 165 shares in the last quarter. TCW Group Inc. increased its stake in shares of Taylor Morrison Home by 0.4% during the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock worth $2,894,000 after purchasing an additional 213 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Taylor Morrison Home by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock worth $1,652,000 after purchasing an additional 266 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Taylor Morrison Home by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 14,831 shares of the construction company’s stock worth $822,000 after purchasing an additional 267 shares in the last quarter. Finally, Hanlon Investment Management Inc. increased its stake in shares of Taylor Morrison Home by 2.0% during the 2nd quarter. Hanlon Investment Management Inc. now owns 13,658 shares of the construction company’s stock worth $757,000 after purchasing an additional 269 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 28,259 shares of Taylor Morrison Home stock in a transaction on Friday, July 26th. The shares were sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the transaction, the director now owns 2,197,057 shares in the company, valued at approximately $149,949,140.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction on Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the transaction, the director now owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Lyon sold 28,259 shares of Taylor Morrison Home stock in a transaction on Friday, July 26th. The shares were sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the transaction, the director now owns 2,197,057 shares in the company, valued at approximately $149,949,140.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,000 shares of company stock worth $5,966,317. 3.50% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Stock Up 5.1 %

Shares of TMHC opened at $68.66 on Friday. The firm has a market cap of $7.16 billion, a PE ratio of 9.82 and a beta of 1.96. The company’s fifty day moving average is $63.68 and its two-hundred day moving average is $59.50. 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.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.06. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.87 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. Analysts forecast that Taylor Morrison Home Co. will post 8.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

TMHC has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Wedbush reaffirmed a “neutral” rating and issued a $65.00 target price (up from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Finally, Raymond James initiated coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.17.

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.