Foundry Partners LLC Purchases New Position in Taylor Morrison Home Co. (NYSE:TMHC)

Foundry Partners LLC acquired a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 2,864 shares of the construction company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its holdings in Taylor Morrison Home by 0.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 96,430 shares of the construction company’s stock valued at $5,996,000 after purchasing an additional 641 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Taylor Morrison Home by 2.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 78,897 shares of the construction company’s stock worth $4,906,000 after acquiring an additional 2,028 shares during the last quarter. SVB Wealth LLC acquired a new stake in Taylor Morrison Home during the 1st quarter valued at $224,000. Caxton Associates LP raised its position in Taylor Morrison Home by 36.4% in the 1st quarter. Caxton Associates LP now owns 34,621 shares of the construction company’s stock valued at $2,152,000 after purchasing an additional 9,231 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Taylor Morrison Home by 22.3% in the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock worth $4,761,000 after purchasing an additional 13,987 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Stock Up 2.3 %

Taylor Morrison Home stock opened at $71.07 on Friday. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 9.40 and a beta of 1.96. The company’s 50 day simple moving average is $69.40 and its 200 day simple moving average is $63.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home Co. has a fifty-two week low of $44.32 and a fifty-two week high of $74.69.

Taylor Morrison Home (NYSE:TMHC) last announced 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. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. As a group, sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TMHC. BTIG Research upped their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Royal Bank of Canada upped their price target 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. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Finally, Barclays increased their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Insiders Place Their Bets

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction dated 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 sale, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,645,190. This trade represents a 19.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the sale, the director now owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,337 shares of company stock worth $7,356,683 over the last ninety days. 3.50% of the stock is currently owned by corporate 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.