Harvest Fund Management Co. Ltd Increases Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Harvest Fund Management Co. Ltd lifted its position in Taylor Morrison Home Co. (NYSE:TMHC) by 121.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,190 shares of the construction company’s stock after acquiring an additional 2,295 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Taylor Morrison Home were worth $294,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in Taylor Morrison Home by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company’s stock valued at $80,938,000 after acquiring an additional 28,166 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Taylor Morrison Home by 67.6% during the third quarter. Daiwa Securities Group Inc. now owns 11,900 shares of the construction company’s stock valued at $836,000 after purchasing an additional 4,800 shares during the period. Alpha DNA Investment Management LLC grew its holdings in shares of Taylor Morrison Home by 13.2% in the third quarter. Alpha DNA Investment Management LLC now owns 6,831 shares of the construction company’s stock worth $480,000 after purchasing an additional 797 shares during the last quarter. Algert Global LLC increased its stake in Taylor Morrison Home by 5.9% in the 3rd quarter. Algert Global LLC now owns 177,438 shares of the construction company’s stock worth $12,467,000 after buying an additional 9,906 shares during the period. Finally, Cerity Partners LLC lifted its holdings in Taylor Morrison Home by 47.2% during the 3rd quarter. Cerity Partners LLC now owns 17,689 shares of the construction company’s stock valued at $1,243,000 after buying an additional 5,668 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TMHC has been the topic of a number of research reports. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. BTIG Research lifted their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays increased their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Raymond James reaffirmed an “outperform” rating and issued a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada raised their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $74.11 on Wednesday. Taylor Morrison Home Co. has a one year low of $44.32 and a one year high of $75.49. The company has a market capitalization of $7.67 billion, a PE ratio of 9.80 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The company has a 50-day simple moving average of $69.65 and a two-hundred day simple moving average of $63.87.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. Taylor Morrison Home’s revenue for the quarter was up 26.6% compared to the same quarter last year. Research analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In related news, EVP Darrell Sherman sold 68,433 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,699,798.50. This trade represents a 38.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 sale, the director now directly owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,337 shares of company stock valued at $7,356,683 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Company 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.