QRG Capital Management Inc. Increases Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

QRG Capital Management Inc. grew its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 40.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,048 shares of the construction company’s stock after purchasing an additional 4,625 shares during the quarter. QRG Capital Management Inc.’s holdings in Taylor Morrison Home were worth $1,128,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home in the 3rd quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Taylor Morrison Home in the 2nd quarter worth $31,000. Harbor Capital Advisors Inc. bought a new stake in Taylor Morrison Home during the third quarter valued at about $34,000. UMB Bank n.a. lifted its position in shares of Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after acquiring an additional 388 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Taylor Morrison Home in the first quarter valued at about $91,000. Institutional investors own 95.16% of the company’s stock.

Insiders Place Their Bets

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,645,190. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,645,190. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the transaction, the director now directly owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,337 shares of company stock worth $7,356,683 in the last three months. Corporate insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TMHC. Royal Bank of Canada lifted their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Raymond James reiterated an “outperform” rating and issued a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home has an average rating of “Moderate Buy” and an average price target of $77.33.

Taylor Morrison Home Stock Up 2.6 %

NYSE TMHC opened at $73.35 on Friday. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Co. has a 52 week low of $41.99 and a 52 week high of $73.74. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 9.70 and a beta of 1.96. The company has a fifty day moving average of $68.44 and a two-hundred day moving average of $62.67.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

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.