Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in shares of Taylor Morrison Home Co. (NYSE:TMHCGet Rating) by 6.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 271,360 shares of the construction company’s stock after selling 19,200 shares during the period. Swiss National Bank owned approximately 0.24% of Taylor Morrison Home worth $6,339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TMHC. Commonwealth Equity Services LLC acquired a new position in shares of Taylor Morrison Home in the 1st quarter valued at approximately $4,950,000. State of New Jersey Common Pension Fund D raised its position in shares of Taylor Morrison Home by 8.8% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 91,234 shares of the construction company’s stock valued at $2,483,000 after purchasing an additional 7,394 shares in the last quarter. Prospera Financial Services Inc acquired a new position in shares of Taylor Morrison Home in the 1st quarter valued at approximately $121,000. AlphaCrest Capital Management LLC raised its position in shares of Taylor Morrison Home by 132.0% in the 1st quarter. AlphaCrest Capital Management LLC now owns 140,022 shares of the construction company’s stock valued at $3,811,000 after purchasing an additional 79,658 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of Taylor Morrison Home by 119.6% in the 2nd quarter. Assetmark Inc. now owns 1,221 shares of the construction company’s stock valued at $29,000 after purchasing an additional 665 shares in the last quarter. 95.05% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $29.41 on Thursday. The company has a market cap of $3.19 billion, a P/E ratio of 3.34 and a beta of 1.69. The stock has a fifty day moving average price of $25.63 and a 200 day moving average price of $26.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.24 and a quick ratio of 0.57. Taylor Morrison Home Co. has a 12 month low of $20.05 and a 12 month high of $35.51.

Taylor Morrison Home (NYSE:TMHCGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.22. Taylor Morrison Home had a return on equity of 24.70% and a net margin of 12.75%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.18 billion. On average, research analysts forecast that Taylor Morrison Home Co. will post 9.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TMHC. Barclays cut their target price on Taylor Morrison Home from $33.00 to $30.00 in a research report on Thursday, October 27th. Wells Fargo & Company upped their price target on Taylor Morrison Home from $25.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, July 28th. TheStreet lowered Taylor Morrison Home from a “b-” rating to a “c+” rating in a research report on Tuesday, September 27th. B. Riley dropped their price target on Taylor Morrison Home from $26.00 to $25.00 in a research report on Thursday, October 27th. Finally, StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Saturday, October 29th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.64.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, CFO Louis Steffens purchased 11,000 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was bought at an average price of $23.07 per share, with a total value of $253,770.00. Following the completion of the purchase, the chief financial officer now owns 44,667 shares in the company, valued at approximately $1,030,467.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 5.20% of the company’s stock.

About Taylor Morrison Home

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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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.

Further Reading

Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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