Taylor Morrison Home Corporation $TMHC Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,400 shares of the construction company’s stock after buying an additional 200 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Taylor Morrison Home were worth $577,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen LLC bought a new position in Taylor Morrison Home during the 1st quarter valued at $51,329,000. Long Pond Capital LP bought a new stake in shares of Taylor Morrison Home in the 1st quarter worth about $40,345,000. Junto Capital Management LP acquired a new stake in shares of Taylor Morrison Home in the 1st quarter valued at about $34,007,000. Victory Capital Management Inc. raised its stake in shares of Taylor Morrison Home by 197.2% in the 1st quarter. Victory Capital Management Inc. now owns 793,987 shares of the construction company’s stock valued at $47,671,000 after purchasing an additional 526,819 shares in the last quarter. Finally, Interval Partners LP lifted its position in shares of Taylor Morrison Home by 93.2% during the first quarter. Interval Partners LP now owns 694,542 shares of the construction company’s stock worth $41,700,000 after purchasing an additional 334,972 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Insider Transactions at Taylor Morrison Home

In related news, Director Anne L. Mariucci sold 14,002 shares of Taylor Morrison Home stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $70.00, for a total value of $980,140.00. Following the sale, the director directly owned 48,191 shares in the company, valued at $3,373,370. This trade represents a 22.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Curtis Vanhyfte sold 9,754 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total transaction of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares of the company’s stock, valued at $923,710.86. The trade was a 40.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 67,351 shares of company stock worth $4,700,630. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TMHC. Bank of America lowered their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday, October 10th. Royal Bank Of Canada lowered their price target on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Seaport Res Ptn raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $75.29.

Taylor Morrison Home Stock Up 0.3%

Shares of Taylor Morrison Home stock opened at $59.31 on Friday. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 7.15 and a beta of 1.61. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. The business’s 50 day simple moving average is $65.37 and its 200-day simple moving average is $62.32.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the business earned $2.40 EPS. The firm’s revenue was down 1.2% on a year-over-year basis. Equities research analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current 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.