Cerity Partners LLC Acquires 5,668 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Cerity Partners LLC boosted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 47.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,689 shares of the construction company’s stock after purchasing an additional 5,668 shares during the quarter. Cerity Partners LLC’s holdings in Taylor Morrison Home were worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMHC. Nwam LLC acquired a new position in shares of Taylor Morrison Home during the 3rd quarter worth about $205,000. Citigroup Inc. raised its stake in shares of Taylor Morrison Home by 61.7% during the 3rd quarter. Citigroup Inc. now owns 170,960 shares of the construction company’s stock worth $12,012,000 after purchasing an additional 65,252 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after acquiring an additional 282,227 shares during the period. Foundry Partners LLC bought a new stake in Taylor Morrison Home in the 3rd quarter valued at $201,000. Finally, Intech Investment Management LLC bought a new stake in Taylor Morrison Home in the 3rd quarter valued at $1,899,000. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Trading Down 0.4 %

Shares of TMHC stock opened at $72.90 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. Taylor Morrison Home Co. has a fifty-two week low of $45.81 and a fifty-two week high of $75.49. The stock has a 50 day simple moving average of $69.99 and a two-hundred day simple moving average of $64.34. The company has a market cap of $7.54 billion, a P/E ratio of 9.64 and a beta of 1.97.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. Taylor Morrison Home’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.62 earnings per share. Research analysts forecast that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Insiders Place Their Bets

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,621 shares of company stock valued at $9,164,869. Insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on TMHC shares. Barclays increased their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Raymond James reissued an “outperform” rating and set a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Royal Bank of Canada increased their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $77.33.

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.