State of Alaska Department of Revenue Sells 850 Shares of Taylor Morrison Home Corporation $TMHC

State of Alaska Department of Revenue lessened its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,273 shares of the construction company’s stock after selling 850 shares during the period. State of Alaska Department of Revenue’s holdings in Taylor Morrison Home were worth $692,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BOS Asset Management LLC raised its position in Taylor Morrison Home by 7.7% in the 2nd quarter. BOS Asset Management LLC now owns 14,989 shares of the construction company’s stock valued at $921,000 after buying an additional 1,070 shares during the last quarter. Ruffer LLP raised its position in Taylor Morrison Home by 42.8% in the 2nd quarter. Ruffer LLP now owns 101,520 shares of the construction company’s stock valued at $6,235,000 after buying an additional 30,451 shares during the last quarter. GAMMA Investing LLC raised its position in Taylor Morrison Home by 71.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,158 shares of the construction company’s stock valued at $71,000 after buying an additional 484 shares during the last quarter. Park Avenue Securities LLC raised its position in Taylor Morrison Home by 16.6% in the 2nd quarter. Park Avenue Securities LLC now owns 8,396 shares of the construction company’s stock valued at $516,000 after buying an additional 1,198 shares during the last quarter. Finally, BTC Capital Management Inc. raised its position in Taylor Morrison Home by 13.0% in the 2nd quarter. BTC Capital Management Inc. now owns 6,152 shares of the construction company’s stock valued at $377,000 after buying an additional 710 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TMHC shares. Weiss Ratings reissued a “buy (b)” rating on shares of Taylor Morrison Home in a research report on Saturday, September 27th. Bank of America lifted their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Finally, Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $77.50.

Insider Transactions at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 25,000 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $70.20, for a total transaction of $1,755,000.00. Following the completion of the transaction, the chief executive officer directly owned 383,988 shares in the company, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anne L. Mariucci sold 14,002 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the transaction, the director owned 48,191 shares of the company’s stock, valued at $3,373,370. This represents a 22.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 67,351 shares of company stock worth $4,700,630. 1.40% of the stock is owned by company insiders.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $63.30 on Wednesday. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The stock has a 50 day moving average of $66.92 and a 200-day moving average of $61.97. The company has a market capitalization of $6.35 billion, a P/E ratio of 7.31 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC) last issued 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. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the company posted $1.86 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current 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.