Taylor Morrison Home Co. (NYSE:TMHC) Position Trimmed by Inspire Advisors LLC

Inspire Advisors LLC lowered its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 8.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,690 shares of the construction company’s stock after selling 665 shares during the period. Inspire Advisors LLC’s holdings in Taylor Morrison Home were worth $540,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TMHC. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home in the 3rd quarter valued at about $29,000. BOS Asset Management LLC lifted its stake in Taylor Morrison Home by 25.4% during the third quarter. BOS Asset Management LLC now owns 14,106 shares of the construction company’s stock valued at $991,000 after buying an additional 2,853 shares in the last quarter. Creative Planning increased its holdings in shares of Taylor Morrison Home by 46.3% in the 3rd quarter. Creative Planning now owns 29,723 shares of the construction company’s stock valued at $2,088,000 after purchasing an additional 9,408 shares during the period. Wedge Capital Management L L P NC increased its holdings in shares of Taylor Morrison Home by 1.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 738,830 shares of the construction company’s stock valued at $51,910,000 after purchasing an additional 10,911 shares during the period. Finally, Inspire Investing LLC increased its holdings in Taylor Morrison Home by 184.5% in the third quarter. Inspire Investing LLC now owns 20,330 shares of the construction company’s stock worth $1,428,000 after buying an additional 13,185 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TMHC shares. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Wedbush restated a “neutral” rating and issued a $65.00 target price (up from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Monday, August 19th. Finally, Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus price target of $70.17.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Taylor Morrison Home news, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $68.25, for a total value of $1,928,676.75. Following the sale, the director now owns 2,197,057 shares in the company, valued at approximately $149,949,140.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 30,072 shares of company stock worth $2,052,157. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Up 1.5 %

NYSE:TMHC opened at $70.97 on Friday. Taylor Morrison Home Co. has a fifty-two week low of $37.23 and a fifty-two week high of $71.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. The stock has a market capitalization of $7.40 billion, a PE ratio of 10.55 and a beta of 1.96. The business’s 50-day simple moving average is $66.93 and its 200-day simple moving average is $61.36.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.06. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Sell-side analysts expect that Taylor Morrison Home Co. will post 8.15 earnings per share for the current fiscal year.

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.