9,089 Shares in Taylor Morrison Home Corporation $TMHC Acquired by Aviva PLC

Aviva PLC acquired a new position in Taylor Morrison Home Corporation (NYSE:TMHC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,089 shares of the construction company’s stock, valued at approximately $558,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its holdings in Taylor Morrison Home by 1.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 12,341 shares of the construction company’s stock worth $758,000 after acquiring an additional 165 shares during the period. Covestor Ltd lifted its position in shares of Taylor Morrison Home by 14.9% in the 1st quarter. Covestor Ltd now owns 1,292 shares of the construction company’s stock worth $78,000 after acquiring an additional 168 shares during the period. Cornerstone Select Advisors LLC boosted its stake in Taylor Morrison Home by 0.7% during the first quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company’s stock worth $1,452,000 after buying an additional 175 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Taylor Morrison Home by 6.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company’s stock valued at $207,000 after acquiring an additional 197 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Taylor Morrison Home by 2.2% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,400 shares of the construction company’s stock valued at $577,000 after purchasing an additional 200 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Curtis Vanhyfte sold 5,082 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $69.97, for a total value of $355,587.54. Following the sale, the chief financial officer directly owned 11,742 shares of the company’s stock, valued at approximately $821,587.74. This represents a 30.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sheryl Palmer sold 25,000 shares of the firm’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 sale, the chief executive officer directly owned 383,988 shares of the company’s stock, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 57,597 shares of company stock valued at $4,064,474 in the last 90 days. 1.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

TMHC has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their target price on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Bank of America decreased their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Thursday, October 30th. Wedbush reiterated an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $75.29.

Taylor Morrison Home Stock Down 1.3%

Taylor Morrison Home stock opened at $59.76 on Friday. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $63.89 and a 200-day moving average of $62.48. The stock has a market capitalization of $5.84 billion, a PE ratio of 7.20 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. The business had revenue of $94.84 million during the quarter, compared to the consensus estimate of $2.03 billion. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.Taylor Morrison Home’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $2.40 earnings per share. On average, equities research analysts anticipate 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.