Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 44.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 143,303 shares of the construction company’s stock after buying an additional 44,090 shares during the period. Envestnet Asset Management Inc. owned 0.14% of Taylor Morrison Home worth $7,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new stake in shares of Taylor Morrison Home in the 1st quarter valued at $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Taylor Morrison Home during the 4th quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Taylor Morrison Home during the 2nd quarter worth approximately $31,000. Fidelis Capital Partners LLC purchased a new position in shares of Taylor Morrison Home during the 1st quarter worth approximately $82,000. Finally, Meeder Asset Management Inc. purchased a new position in Taylor Morrison Home in the 1st quarter valued at approximately $91,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the transaction, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the completion of the transaction, the director now owns 2,225,316 shares of the company’s stock, valued at approximately $147,560,703.96. The disclosure for this sale can be found here. Insiders have sold a total of 90,072 shares of company stock valued at $5,971,357 over the last three months. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wedbush restated a “neutral” rating and set a $65.00 price objective (up previously from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. Barclays boosted their price objective 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. Royal Bank of Canada lifted their target price on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Raymond James began coverage on Taylor Morrison Home in a report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price objective for the company. Finally, BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Monday, August 19th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.17.

Taylor Morrison Home Trading Up 2.0 %

NYSE TMHC opened at $70.27 on Friday. The company has a market capitalization of $7.32 billion, a PE ratio of 10.05 and a beta of 1.96. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $71.95. The firm’s fifty day simple moving average is $65.56 and its 200-day simple moving average is $60.37. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.06. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.87 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. As a group, sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.15 earnings per share for the current fiscal year.

Taylor Morrison Home 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.