Martingale Asset Management L P Sells 37,487 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Martingale Asset Management L P decreased its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 46.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,966 shares of the construction company’s stock after selling 37,487 shares during the period. Martingale Asset Management L P’s holdings in Taylor Morrison Home were worth $3,089,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Taylor Morrison Home by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,525 shares of the construction company’s stock worth $16,899,000 after buying an additional 4,278 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of Taylor Morrison Home by 2.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 22,784 shares of the construction company’s stock worth $1,601,000 after buying an additional 565 shares during the period. Bridgewater Associates LP boosted its holdings in Taylor Morrison Home by 340.8% in the 3rd quarter. Bridgewater Associates LP now owns 25,475 shares of the construction company’s stock valued at $1,790,000 after purchasing an additional 19,696 shares during the period. Quantbot Technologies LP bought a new stake in Taylor Morrison Home in the 3rd quarter valued at about $1,925,000. Finally, Vision Capital Corp bought a new stake in Taylor Morrison Home in the 3rd quarter valued at about $38,173,000. Institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling

In related news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This represents a 19.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Lyon sold 24,284 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the transaction, the director now owns 2,045,316 shares of the company’s stock, 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 worth $9,164,869 in the last three months. 3.50% of the stock is owned by corporate insiders.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $73.89 on Friday. The company has a 50 day moving average of $69.86 and a 200-day moving average of $64.11. Taylor Morrison Home Co. has a 1-year low of $44.59 and a 1-year high of $75.49. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The company has a market cap of $7.65 billion, a PE ratio of 9.77 and a beta of 1.96.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on TMHC shares. Raymond James reissued an “outperform” rating and issued a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $65.00 to $85.00 in a report on Friday, October 25th. Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays boosted their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.33.

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.