TD Private Client Wealth LLC Lowers Stake in Taylor Morrison Home Co. (NYSE:TMHC)

TD Private Client Wealth LLC decreased its position in Taylor Morrison Home Co. (NYSE:TMHC) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,038 shares of the construction company’s stock after selling 260 shares during the quarter. TD Private Client Wealth LLC’s holdings in Taylor Morrison Home were worth $284,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in Taylor Morrison Home by 15.7% during the 2nd quarter. CWM LLC now owns 2,334 shares of the construction company’s stock worth $129,000 after acquiring an additional 316 shares in the last quarter. Blue Trust Inc. increased its stake in Taylor Morrison Home by 23.0% during the second quarter. Blue Trust Inc. now owns 4,307 shares of the construction company’s stock worth $239,000 after purchasing an additional 805 shares during the period. TCW Group Inc. lifted its position in shares of Taylor Morrison Home by 0.4% during the second quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock worth $2,894,000 after purchasing an additional 213 shares in the last quarter. Raymond James & Associates lifted its position in shares of Taylor Morrison Home by 10.1% during the second quarter. Raymond James & Associates now owns 57,491 shares of the construction company’s stock worth $3,187,000 after purchasing an additional 5,296 shares in the last quarter. Finally, Summit Global Investments purchased a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $1,287,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the transaction, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William H. Lyon sold 24,284 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,621 shares of company stock valued at $9,164,869 over the last ninety days. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Down 3.6 %

TMHC opened at $64.72 on Friday. The business’s 50-day simple moving average is $69.82 and its 200-day simple moving average is $64.81. The company has a market cap of $6.70 billion, a P/E ratio of 8.56 and a beta of 1.97. Taylor Morrison Home Co. has a one year low of $49.98 and a one year high of $75.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the company earned $1.62 earnings per share. As a group, equities research analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TMHC has been the topic of several recent research reports. Royal Bank of Canada upped their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $90.00 in a research note on Wednesday. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. BTIG Research increased their price target 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. Finally, Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $65.00 to $85.00 in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.33.

Taylor Morrison Home 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.