Empirical Finance LLC Reduces Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Empirical Finance LLC lessened its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,410 shares of the construction company’s stock after selling 258 shares during the quarter. Empirical Finance LLC’s holdings in Taylor Morrison Home were worth $1,187,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Taylor Morrison Home by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,065,300 shares of the construction company’s stock valued at $128,400,000 after purchasing an additional 71,564 shares during the period. Norges Bank purchased a new position in shares of Taylor Morrison Home during the fourth quarter worth approximately $63,137,000. Bank of New York Mellon Corp increased its holdings in shares of Taylor Morrison Home by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock valued at $59,125,000 after acquiring an additional 4,638 shares during the period. Charles Schwab Investment Management Inc. raised its position in Taylor Morrison Home by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,044,133 shares of the construction company’s stock valued at $55,704,000 after purchasing an additional 21,799 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in Taylor Morrison Home by 99.3% during the 4th quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock worth $41,976,000 after purchasing an additional 391,964 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 1.1 %

Shares of TMHC stock opened at $67.33 on Friday. The business’s fifty day moving average price is $61.60 and its 200 day moving average price is $58.86. The firm has a market capitalization of $7.02 billion, a PE ratio of 9.63 and a beta of 1.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $69.62.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.06. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.87 billion. As a group, sell-side analysts forecast that Taylor Morrison Home Co. will post 7.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the sale, the director now owns 2,255,316 shares of the company’s stock, valued at approximately $145,084,478.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the transaction, the director now owns 2,255,316 shares in the company, valued at $145,084,478.28. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the sale, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,000 shares of company stock worth $5,966,317. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TMHC has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price objective on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Wedbush reaffirmed a “neutral” rating and set a $65.00 price objective (up from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Monday, August 19th. Barclays upped their price target on Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Finally, StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.17.

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.