Janney Montgomery Scott LLC Has $480,000 Stake in Taylor Morrison Home Corporation $TMHC

Janney Montgomery Scott LLC decreased its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,816 shares of the construction company’s stock after selling 240 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Taylor Morrison Home were worth $480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Taylor Morrison Home by 193.0% in 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 last quarter. Farther Finance Advisors LLC grew its position in shares of Taylor Morrison Home by 49.5% in the first 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 last quarter. Parallel Advisors LLC grew its position in Taylor Morrison Home by 29.9% during the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock worth $54,000 after buying an additional 203 shares in the last quarter. Fifth Third Bancorp grew its position in Taylor Morrison Home by 27.8% during the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company’s stock worth $62,000 after buying an additional 225 shares in the last quarter. Finally, Quarry LP grew its position in Taylor Morrison Home by 62.8% during the first quarter. Quarry LP now owns 1,146 shares of the construction company’s stock worth $69,000 after buying an additional 442 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Activity

In other news, Director Anne L. Mariucci sold 14,002 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 48,191 shares in the company, 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 this hyperlink. Also, CEO Sheryl Palmer sold 25,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $70.20, for a total value of $1,755,000.00. Following the completion of the transaction, the chief executive officer owned 383,988 shares of the company’s stock, valued at $26,955,957.60. The trade was a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,351 shares of company stock worth $4,700,630. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TMHC shares. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Bank of America reduced their price target on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Taylor Morrison Home in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $77.13.

Taylor Morrison Home Trading Down 0.0%

Shares of TMHC stock opened at $61.73 on Friday. The stock’s fifty day moving average price is $66.79 and its two-hundred day moving average price is $62.03. The company has a market cap of $6.20 billion, a PE ratio of 7.13 and a beta of 1.61. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. 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 (NYSE:TMHC) last issued its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share 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 for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the business posted $1.86 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. Equities analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

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.