Taylor Morrison Home Corporation (NYSE:TMHC) Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 4.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 203,886 shares of the construction company’s stock after selling 9,388 shares during the period. Citigroup Inc.’s holdings in Taylor Morrison Home were worth $12,241,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Morse Asset Management Inc purchased a new position in shares of Taylor Morrison Home in the 4th quarter worth about $29,000. GAMMA Investing LLC grew its holdings in shares of Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after purchasing an additional 444 shares during the period. Quarry LP increased its position in Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after purchasing an additional 471 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock valued at $48,000 after buying an additional 262 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in Taylor Morrison Home by 50.2% in the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company’s stock valued at $51,000 after buying an additional 282 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 9,754 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total transaction of $636,155.88. Following the completion of the sale, the chief financial officer owned 14,163 shares of the company’s stock, valued at approximately $923,710.86. This trade represents a 40.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Taylor Morrison Home Stock Down 1.8%

Shares of NYSE:TMHC opened at $68.05 on Friday. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a 50 day moving average of $62.12 and a two-hundred day moving average of $60.47. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 7.86 and a beta of 1.53.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company earned $1.86 earnings per share. Taylor Morrison Home’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TMHC shares. Wall Street Zen downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. Seaport Res Ptn raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Wedbush reiterated an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Bank of America began coverage on Taylor Morrison Home in a research note on Monday, May 5th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Barclays set a $69.00 target price on Taylor Morrison Home and gave the company an “overweight” rating in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $76.88.

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.