Arkadios Wealth Advisors Invests $359,000 in Taylor Morrison Home Corporation $TMHC

Arkadios Wealth Advisors purchased a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,842 shares of the construction company’s stock, valued at approximately $359,000.

Several other large investors have also bought and sold shares of the business. Teacher Retirement System of Texas increased its stake in Taylor Morrison Home by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 149,720 shares of the construction company’s stock worth $9,196,000 after purchasing an additional 2,260 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $1,901,000. Envestnet Asset Management Inc. boosted its holdings in shares of Taylor Morrison Home by 11.7% in the second quarter. Envestnet Asset Management Inc. now owns 103,355 shares of the construction company’s stock valued at $6,348,000 after buying an additional 10,858 shares during the period. Resonant Capital Advisors LLC increased its position in shares of Taylor Morrison Home by 3.7% during the second quarter. Resonant Capital Advisors LLC now owns 9,229 shares of the construction company’s stock worth $567,000 after acquiring an additional 328 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Taylor Morrison Home by 4.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 33,323 shares of the construction company’s stock worth $2,047,000 after acquiring an additional 1,390 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. 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. Bank of America reduced their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Royal Bank Of Canada dropped their target price on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Thursday, October 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $75.29.

Taylor Morrison Home Trading Down 0.4%

TMHC opened at $58.91 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The company’s 50 day moving average price is $64.85 and its two-hundred day moving average price is $62.43. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 7.10 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.18. The company had revenue of $94.84 million during the quarter, compared to analysts’ expectations of $2.03 billion. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.40 earnings per share. As a group, research analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Insider Activity at Taylor Morrison Home

In related news, Director Anne L. Mariucci sold 14,002 shares of the firm’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 transaction, the director directly owned 48,191 shares of the company’s stock, valued at $3,373,370. This trade represents a 22.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sheryl Palmer sold 25,000 shares of the company’s stock in a transaction that occurred 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 directly owned 383,988 shares of the company’s stock, valued at approximately $26,955,957.60. This represents a 6.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,597 shares of company stock valued at $4,064,474 over the last 90 days. Insiders own 1.40% of the company’s stock.

Taylor Morrison Home 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.