Taylor Morrison Home Co. (NYSE:TMHC) Holdings Lifted by Meritage Portfolio Management

Meritage Portfolio Management boosted its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 9.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 11,235 shares of the construction company’s stock after purchasing an additional 949 shares during the quarter. Meritage Portfolio Management’s holdings in Taylor Morrison Home were worth $789,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Taylor Morrison Home in the 3rd quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Taylor Morrison Home in the second quarter worth approximately $31,000. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the third quarter valued at $34,000. UMB Bank n.a. lifted its position in shares of Taylor Morrison Home by 263.9% during the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after acquiring an additional 388 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Taylor Morrison Home during the 1st quarter worth $91,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Up 2.6 %

Shares of NYSE:TMHC opened at $73.34 on Monday. Taylor Morrison Home Co. has a 12-month low of $41.99 and a 12-month high of $73.74. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $7.59 billion, a P/E ratio of 9.70 and a beta of 1.96. The firm has a fifty day moving average of $68.44 and a two-hundred day moving average of $62.71.

Taylor Morrison Home (NYSE:TMHC) last issued 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 return on equity of 15.91% and a net margin of 10.39%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, equities analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the sale, the director now directly owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Darrell Sherman sold 26,757 shares of the 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 transaction, the executive vice president now owns 109,217 shares of the company’s stock, valued at approximately $7,645,190. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 value of $654,126.00. Following the completion of the sale, the director now owns 2,136,241 shares of the company’s stock, valued at approximately $153,980,251.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,337 shares of company stock valued at $7,356,683. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Raymond James reaffirmed an “outperform” rating and issued a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Barclays lifted their price objective on shares of 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. Finally, Royal Bank of Canada raised their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $77.33.

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.