Captrust Financial Advisors Sells 188 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Captrust Financial Advisors reduced its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,152 shares of the construction company’s stock after selling 188 shares during the period. Captrust Financial Advisors’ holdings in Taylor Morrison Home were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TMHC. V Square Quantitative Management LLC grew its holdings in shares of Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after purchasing an additional 277 shares during the last quarter. Quarry LP grew its holdings in shares of Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after purchasing an additional 471 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after acquiring an additional 243 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in Taylor Morrison Home in the fourth quarter valued at approximately $51,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after acquiring an additional 243 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TMHC. Barclays set a $69.00 target price on Taylor Morrison Home and gave the company an “overweight” rating in a report on Thursday, April 24th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Bank of America began coverage on Taylor Morrison Home in a report on Monday, May 5th. They issued a “buy” rating and a $70.00 target price on the stock. Royal Bank of Canada upped their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.88.

Insiders Place Their Bets

In other news, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $59.92 on Monday. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 7.24 and a beta of 1.68. Taylor Morrison Home Co. has a 52-week low of $51.90 and a 52-week high of $75.49. The stock’s 50 day moving average price is $58.31 and its two-hundred day moving average price is $62.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 EPS. On average, equities analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current 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.