Cetera Investment Advisers Sells 11,273 Shares of Taylor Morrison Home Corporation (NYSE:TMHC)

Cetera Investment Advisers cut its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 37.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,925 shares of the construction company’s stock after selling 11,273 shares during the quarter. Cetera Investment Advisers’ holdings in Taylor Morrison Home were worth $1,136,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its position in shares of Taylor Morrison Home by 3.5% during the first quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company’s stock worth $354,000 after acquiring an additional 201 shares during the last quarter. Royce & Associates LP raised its position in shares of Taylor Morrison Home by 23.4% during the first quarter. Royce & Associates LP now owns 201,383 shares of the construction company’s stock worth $12,091,000 after acquiring an additional 38,190 shares during the last quarter. Burney Co. raised its position in shares of Taylor Morrison Home by 13.4% during the first quarter. Burney Co. now owns 231,336 shares of the construction company’s stock worth $13,889,000 after acquiring an additional 27,310 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Taylor Morrison Home by 5.9% during the first quarter. KLP Kapitalforvaltning AS now owns 23,300 shares of the construction company’s stock worth $1,399,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Taylor Morrison Home during the first quarter worth about $4,688,000. 95.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Wall Street Zen cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Finally, Bank of America began coverage on Taylor Morrison Home in a research note on Monday, May 5th. They set a “buy” rating and a $70.00 target price for the company. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $76.88.

Taylor Morrison Home Trading Down 1.2%

Shares of Taylor Morrison Home stock opened at $64.16 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49. The stock has a 50 day moving average price of $61.50 and a two-hundred day moving average price of $60.36. The stock has a market capitalization of $6.44 billion, a PE ratio of 7.41 and a beta of 1.53.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the firm posted $1.86 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the sale, the chief financial officer owned 14,163 shares of the company’s stock, valued at approximately $923,710.86. This trade represents a 40.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Taylor Morrison Home Company 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.