Taylor Morrison Home Corporation $TMHC Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 16.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,396 shares of the construction company’s stock after purchasing an additional 1,198 shares during the period. Park Avenue Securities LLC’s holdings in Taylor Morrison Home were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Taylor Morrison Home by 193.0% during the first 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. KBC Group NV lifted its position in Taylor Morrison Home by 16.7% during the first quarter. KBC Group NV now owns 4,987 shares of the construction company’s stock valued at $299,000 after purchasing an additional 714 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in Taylor Morrison Home during the first quarter valued at $243,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Taylor Morrison Home by 10.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company’s stock valued at $552,000 after purchasing an additional 900 shares during the period. Finally, Cerity Partners LLC lifted its position in Taylor Morrison Home by 15.6% during the first quarter. Cerity Partners LLC now owns 24,507 shares of the construction company’s stock valued at $1,471,000 after purchasing an additional 3,311 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Taylor Morrison Home

In related news, Director Anne L. Mariucci sold 14,002 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the completion of the sale, the director owned 48,191 shares of the company’s stock, valued at approximately $3,373,370. This represents a 22.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sheryl Palmer sold 13,513 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were 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 approximately $26,696,428.50. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,351 shares of company stock valued at $4,700,630. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on TMHC shares. Bank of America boosted their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Buy” and a consensus price target of $77.50.

Taylor Morrison Home Stock Up 0.3%

TMHC stock opened at $66.44 on Tuesday. The stock has a market capitalization of $6.67 billion, a P/E ratio of 7.67 and a beta of 1.58. The firm has a 50-day simple moving average of $66.45 and a 200-day simple moving average of $61.70. 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 Corporation has a 52 week low of $51.90 and a 52 week high of $75.49.

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

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.