Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC lowered its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 5.0% in the third quarter, Holdings Channel.com reports. The fund owned 9,283 shares of the construction company’s stock after selling 491 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Taylor Morrison Home were worth $652,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TMHC. Wedge Capital Management L L P NC lifted its holdings in Taylor Morrison Home by 1,910.4% in the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after acquiring an additional 691,711 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of 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 worth $62,955,000 after buying an additional 654,541 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Taylor Morrison Home by 4,586.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after buying an additional 649,230 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Taylor Morrison Home by 203.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock worth $27,400,000 after buying an additional 295,256 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Taylor Morrison Home by 127.6% during the 1st quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock worth $12,648,000 after buying an additional 114,034 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TMHC shares. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Barclays lifted their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. BTIG Research boosted their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.33.

Taylor Morrison Home Trading Down 0.5 %

Shares of TMHC stock opened at $69.43 on Thursday. Taylor Morrison Home Co. has a 1-year low of $37.64 and a 1-year high of $71.95. The firm’s 50-day simple moving average is $67.94 and its 200-day simple moving average is $61.93. The firm has a market cap of $7.34 billion, a P/E ratio of 9.93 and a beta of 1.96. 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 (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion for 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%. Taylor Morrison Home’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the business earned $1.62 EPS. As a group, equities analysts forecast that Taylor Morrison Home Co. will post 8.27 EPS for the current year.

Insiders Place Their Bets

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 95,262 shares of company stock worth $6,702,557 over the last three months. 3.50% of the stock is owned by 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.