Taylor Morrison Home Corporation $TMHC Shares Acquired by Creative Planning

Creative Planning increased its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 13.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,173 shares of the construction company’s stock after acquiring an additional 5,272 shares during the period. Creative Planning’s holdings in Taylor Morrison Home were worth $2,652,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Taylor Morrison Home by 4.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,788 shares of the construction company’s stock worth $1,584,000 after purchasing an additional 1,053 shares during the period. Smithfield Trust Co grew its position in shares of Taylor Morrison Home by 1,477.7% during the second quarter. Smithfield Trust Co now owns 1,483 shares of the construction company’s stock worth $91,000 after buying an additional 1,389 shares in the last quarter. Bailard Inc. increased its stake in shares of Taylor Morrison Home by 5.7% during the second quarter. Bailard Inc. now owns 11,200 shares of the construction company’s stock worth $688,000 after buying an additional 600 shares during the period. denkapparat Operations GmbH increased its stake in shares of Taylor Morrison Home by 10.8% during the second quarter. denkapparat Operations GmbH now owns 4,114 shares of the construction company’s stock worth $253,000 after buying an additional 400 shares during the period. Finally, Boston Partners raised its holdings in Taylor Morrison Home by 1.0% in the second quarter. Boston Partners now owns 596,892 shares of the construction company’s stock valued at $36,983,000 after acquiring an additional 5,962 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $60.77 on Monday. The stock’s 50-day moving average is $62.45 and its two-hundred day moving average is $62.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $75.49. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 7.32 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.18. The firm 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 revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.40 EPS. Analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on TMHC. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Royal Bank Of Canada lowered their target price on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Bank of America dropped their target price on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Taylor Morrison Home in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $75.29.

Insider Activity at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 13,513 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $72.06, for a total value of $973,746.78. Following the completion of the sale, the chief executive officer owned 370,475 shares in the company, valued at $26,696,428.50. This represents a 3.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $980,140.00. Following the sale, the director owned 48,191 shares of the company’s stock, valued at approximately $3,373,370. This represents a 22.51% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by corporate insiders.

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.