Federated Hermes Inc. Sells 1,123 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Federated Hermes Inc. lowered its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 205,760 shares of the construction company’s stock after selling 1,123 shares during the quarter. Federated Hermes Inc.’s holdings in Taylor Morrison Home were worth $10,977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc increased its stake in Taylor Morrison Home by 138.9% during the 3rd quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock valued at $26,000 after purchasing an additional 357 shares in the last quarter. Ronald Blue Trust Inc. increased its stake in Taylor Morrison Home by 3,911.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,083 shares of the construction company’s stock valued at $46,000 after purchasing an additional 1,056 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in Taylor Morrison Home during the 4th quarter valued at $48,000. Neo Ivy Capital Management bought a new stake in Taylor Morrison Home during the 3rd quarter valued at $108,000. Finally, Blue Trust Inc. increased its stake in Taylor Morrison Home by 200.5% during the 4th quarter. Blue Trust Inc. now owns 3,254 shares of the construction company’s stock valued at $174,000 after purchasing an additional 2,171 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Seaport Res Ptn lowered shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Barclays upped their target price on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Finally, Royal Bank of Canada upped their target price on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $57.20.

Insider Buying and Selling

In related news, Director William H. Lyon sold 33,400 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $56.04, for a total value of $1,871,736.00. Following the transaction, the director now directly owns 71,570 shares of the company’s stock, valued at approximately $4,010,782.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Taylor Morrison Home news, Director William H. Lyon sold 164,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $60.33, for a total transaction of $9,894,120.00. Following the sale, the director now directly owns 43,570 shares of the company’s stock, valued at $2,628,578.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William H. Lyon sold 33,400 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $56.04, for a total transaction of $1,871,736.00. Following the sale, the director now directly owns 71,570 shares in the company, valued at $4,010,782.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 613,537 shares of company stock valued at $36,409,767. 5.20% of the stock is owned by insiders.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $57.10 on Wednesday. The company’s 50-day moving average is $57.44 and its 200 day moving average is $51.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 6.00. The company has a market capitalization of $6.08 billion, a P/E ratio of 8.18 and a beta of 1.87. Taylor Morrison Home Co. has a fifty-two week low of $37.23 and a fifty-two week high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.85 billion. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The firm’s quarterly revenue was down 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.93 EPS. On average, equities research analysts forecast that Taylor Morrison Home Co. will post 7.29 earnings per share for the current year.

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.