Vanguard Group Inc. Sells 329,666 Shares of Taylor Morrison Home Corporation (NYSE:TMHC)

Vanguard Group Inc. reduced its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,169,169 shares of the construction company’s stock after selling 329,666 shares during the quarter. Vanguard Group Inc. owned approximately 10.13% of Taylor Morrison Home worth $610,557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TMHC. Envestnet Asset Management Inc. lifted its position in Taylor Morrison Home by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 166,145 shares of the construction company’s stock worth $10,170,000 after purchasing an additional 5,319 shares during the period. Cerity Partners LLC lifted its position in Taylor Morrison Home by 19.8% in the fourth quarter. Cerity Partners LLC now owns 21,196 shares of the construction company’s stock worth $1,362,000 after purchasing an additional 3,507 shares during the period. Bank of Montreal Can lifted its position in Taylor Morrison Home by 6.1% in the fourth quarter. Bank of Montreal Can now owns 18,489 shares of the construction company’s stock worth $1,132,000 after purchasing an additional 1,071 shares during the period. Raymond James Financial Inc. bought a new position in Taylor Morrison Home in the fourth quarter worth $5,031,000. Finally, Sterling Capital Management LLC lifted its position in Taylor Morrison Home by 835.0% in the fourth quarter. Sterling Capital Management LLC now owns 3,282 shares of the construction company’s stock worth $201,000 after purchasing an additional 2,931 shares during the period. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $69.28 on Thursday. The stock’s fifty day moving average is $61.92 and its 200-day moving average is $60.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The stock has a market capitalization of $6.95 billion, a PE ratio of 8.00 and a beta of 1.53. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.94 by $0.08. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 earnings per share. Equities research analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on TMHC. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an “overweight” rating in a research report on Thursday, April 24th. Wall Street Zen cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a “buy” rating in a research report on Wednesday, April 16th. Finally, Wedbush reiterated an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Taylor Morrison Home has a consensus rating of “Buy” and a consensus price target of $76.88.

Insider Activity at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 9,754 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total transaction of $636,155.88. Following the sale, the chief financial officer owned 14,163 shares in the company, valued at approximately $923,710.86. This represents a 40.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

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.