Taylor Morrison Home Corporation $TMHC Stock Position Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,927 shares of the construction company’s stock after acquiring an additional 2,659 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Taylor Morrison Home worth $3,658,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock valued at $40,000 after purchasing an additional 444 shares during the period. Farther Finance Advisors LLC raised its stake in Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock valued at $48,000 after purchasing an additional 262 shares during the period. Harbor Capital Advisors Inc. raised its stake in Taylor Morrison Home by 50.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company’s stock valued at $51,000 after purchasing an additional 282 shares during the period. Fifth Third Bancorp raised its stake in Taylor Morrison Home by 27.8% during the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company’s stock valued at $62,000 after purchasing an additional 225 shares during the period. Finally, UMB Bank n.a. raised its stake in Taylor Morrison Home by 107.1% during the 1st quarter. UMB Bank n.a. now owns 1,114 shares of the construction company’s stock valued at $67,000 after purchasing an additional 576 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $69.69 on Friday. The company’s fifty day moving average is $65.66 and its 200-day moving average is $61.20. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 8.05 and a beta of 1.58. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TMHC. Wall Street Zen downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. Seaport Res Ptn raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home presently has an average rating of “Buy” and a consensus price target of $76.88.

Insiders Place Their Bets

In related news, CEO Sheryl Palmer sold 13,513 shares of Taylor Morrison Home stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction of $973,746.78. Following the sale, the chief executive officer directly owned 370,475 shares of the company’s stock, valued at $26,696,428.50. This trade represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Curtis Vanhyfte sold 5,082 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $69.97, for a total value of $355,587.54. Following the completion of the transaction, the chief financial officer owned 11,742 shares of the company’s stock, valued at $821,587.74. The trade was a 30.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,349 shares of company stock valued at $3,720,490 over the last 90 days. 1.40% of the stock is owned by corporate insiders.

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.