Profund Advisors LLC Has $267,000 Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Profund Advisors LLC reduced its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 10.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,810 shares of the construction company’s stock after selling 567 shares during the period. Profund Advisors LLC’s holdings in Taylor Morrison Home were worth $267,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TMHC. Rise Advisors LLC acquired a new stake in Taylor Morrison Home during the first quarter worth approximately $26,000. ICA Group Wealth Management LLC bought a new position in shares of Taylor Morrison Home during the 4th quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home during the 2nd quarter worth approximately $31,000. Fidelis Capital Partners LLC acquired a new stake in shares of Taylor Morrison Home during the 1st quarter worth approximately $82,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Taylor Morrison Home in the 1st quarter valued at $91,000. 95.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Barclays raised their target price 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. Royal Bank of Canada upped their price target on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Raymond James initiated coverage on Taylor Morrison Home in a report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective for the company. Finally, Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. 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 a consensus rating of “Moderate Buy” and an average target price of $70.17.

Taylor Morrison Home Price Performance

TMHC opened at $70.27 on Friday. Taylor Morrison Home Co. has a fifty-two week low of $37.23 and a fifty-two week high of $71.95. The firm has a 50-day moving average of $65.44 and a 200 day moving average of $60.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. The firm has a market cap of $7.32 billion, a P/E ratio of 10.05 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.87 billion. On average, research analysts expect that Taylor Morrison Home Co. will post 8.15 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the sale, the director now owns 2,255,316 shares of the company’s stock, valued at approximately $145,084,478.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now directly 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 can be accessed through this link. Also, Director William H. Lyon sold 30,000 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total value of $1,929,900.00. Following the sale, the director now owns 2,255,316 shares in the company, valued at approximately $145,084,478.28. The disclosure for this sale can be found here. Insiders have sold a total of 90,072 shares of company stock worth $5,971,357 over the last ninety days. 3.50% of the stock is currently owned by company insiders.

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.