Assetmark Inc. Has $42,000 Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Assetmark Inc. boosted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHCGet Rating) by 47.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,802 shares of the construction company’s stock after buying an additional 581 shares during the quarter. Assetmark Inc.’s holdings in Taylor Morrison Home were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Xponance Inc. raised its stake in Taylor Morrison Home by 2.9% in the second quarter. Xponance Inc. now owns 18,333 shares of the construction company’s stock valued at $428,000 after buying an additional 523 shares during the period. Centaurus Financial Inc. grew its position in shares of Taylor Morrison Home by 1.7% in the first quarter. Centaurus Financial Inc. now owns 32,004 shares of the construction company’s stock valued at $871,000 after purchasing an additional 542 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Taylor Morrison Home by 0.7% in the second quarter. Victory Capital Management Inc. now owns 83,909 shares of the construction company’s stock valued at $1,960,000 after purchasing an additional 573 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Taylor Morrison Home by 7.9% in the first quarter. HighTower Advisors LLC now owns 9,902 shares of the construction company’s stock valued at $269,000 after purchasing an additional 729 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of Taylor Morrison Home by 7.7% in the second quarter. Inspire Investing LLC now owns 10,905 shares of the construction company’s stock valued at $255,000 after purchasing an additional 775 shares during the last quarter. Institutional investors own 96.33% of the company’s stock.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director David C. Merritt sold 8,737 shares of the company’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $32.00, for a total transaction of $279,584.00. Following the completion of the sale, the director now directly owns 2,402 shares in the company, valued at $76,864. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Darrell Sherman sold 8,782 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $32.31, for a total value of $283,746.42. Following the completion of the transaction, the executive vice president now directly owns 100,506 shares in the company, valued at approximately $3,247,348.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David C. Merritt sold 8,737 shares of the stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $32.00, for a total value of $279,584.00. Following the completion of the transaction, the director now owns 2,402 shares of the company’s stock, valued at $76,864. The disclosure for this sale can be found here. Insiders sold 17,819 shares of company stock worth $573,530 over the last three months. Insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

TMHC has been the topic of several research reports. B. Riley decreased their target price on Taylor Morrison Home from $26.00 to $25.00 in a research report on Thursday, October 27th. Barclays upped their target price on Taylor Morrison Home from $30.00 to $35.00 in a research report on Wednesday, December 14th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Tuesday, January 10th. TheStreet downgraded Taylor Morrison Home from a “b-” rating to a “c+” rating in a research report on Tuesday, September 27th. Finally, BTIG Research downgraded Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Thursday, October 27th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.36.

Taylor Morrison Home Trading Up 1.8 %

Shares of NYSE:TMHC opened at $32.85 on Monday. The company has a market capitalization of $3.56 billion, a P/E ratio of 3.73 and a beta of 1.67. Taylor Morrison Home Co. has a 1 year low of $20.05 and a 1 year high of $34.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.24 and a quick ratio of 0.57. The business’s 50 day simple moving average is $30.57 and its 200 day simple moving average is $27.57.

Taylor Morrison Home (NYSE:TMHCGet Rating) last released its earnings results on Wednesday, October 26th. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.18 billion. On average, research analysts anticipate that Taylor Morrison Home Co. will post 9.39 EPS for the current fiscal year.

About Taylor Morrison Home

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Taylor Morrison Home Corp. engages in the business of residential homebuilding and the development of lifestyle communities. It operates through the following segments: East, Central, West, and Financial Services. The East segment includes operations in Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida, and Tampa regions.

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

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