Leuthold Group LLC Sells 2,822 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Leuthold Group LLC cut its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 3.5% during the 4th quarter, HoldingsChannel reports. The fund owned 78,001 shares of the construction company’s stock after selling 2,822 shares during the quarter. Leuthold Group LLC’s holdings in Taylor Morrison Home were worth $4,774,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings in Taylor Morrison Home by 271.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock valued at $62,955,000 after acquiring an additional 654,541 shares during the period. Vision Capital Corp bought a new stake in Taylor Morrison Home in the third quarter valued at approximately $38,173,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Taylor Morrison Home by 26.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after purchasing an additional 282,227 shares during the period. Barclays PLC grew its holdings in shares of Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock worth $29,539,000 after purchasing an additional 167,735 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Taylor Morrison Home in the third quarter worth $10,291,000. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $60.85 on Friday. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49. The company has a 50-day simple moving average of $63.00 and a two-hundred day simple moving average of $66.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a market capitalization of $6.30 billion, a PE ratio of 7.35 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. On average, analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TMHC shares. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price target for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Raymond James reiterated an “outperform” rating and set a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Wednesday, January 8th. Finally, Seaport Res Ptn lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average target price of $82.43.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the sale, the director now owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

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.