Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC raised its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,575 shares of the construction company’s stock after acquiring an additional 746 shares during the quarter. Tectonic Advisors LLC’s holdings in Taylor Morrison Home were worth $1,656,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Taylor Morrison Home in the third quarter worth $29,000. UMB Bank n.a. grew 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 purchasing an additional 388 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Taylor Morrison Home in the second quarter valued at $31,000. Fidelis Capital Partners LLC purchased a new stake in Taylor Morrison Home during the first quarter valued at about $82,000. Finally, Meeder Asset Management Inc. purchased a new stake in Taylor Morrison Home during the first quarter valued at about $91,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction on Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the transaction, the director now directly owns 2,195,316 shares in the company, valued at $149,347,347.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is owned by insiders.

Taylor Morrison Home Stock Up 1.7 %

Shares of TMHC stock opened at $68.36 on Friday. Taylor Morrison Home Co. has a 1 year low of $37.23 and a 1 year high of $71.95. The stock has a market cap of $7.23 billion, a PE ratio of 9.78 and a beta of 1.96. The business’s fifty day moving average is $67.44 and its 200-day moving average is $61.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm earned $1.62 EPS. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. Equities analysts expect that Taylor Morrison Home Co. will post 8.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TMHC. Raymond James began coverage on 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. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday. Wedbush reissued a “neutral” rating and issued a $65.00 price target on shares of Taylor Morrison Home in a report on Wednesday. Finally, Royal Bank of Canada increased their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.50.

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.