Boston Partners Has $36.98 Million Stock Holdings in Taylor Morrison Home Corporation $TMHC

Boston Partners grew its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 596,892 shares of the construction company’s stock after purchasing an additional 5,962 shares during the period. Boston Partners owned about 0.59% of Taylor Morrison Home worth $36,983,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Taylor Morrison Home by 1.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,374,540 shares of the construction company’s stock valued at $84,424,000 after buying an additional 20,902 shares in the last quarter. American Century Companies Inc. increased its position in shares of Taylor Morrison Home by 21.9% in the second quarter. American Century Companies Inc. now owns 1,069,859 shares of the construction company’s stock worth $65,711,000 after acquiring an additional 192,554 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Taylor Morrison Home by 0.5% during the second quarter. Franklin Resources Inc. now owns 1,043,809 shares of the construction company’s stock valued at $64,111,000 after acquiring an additional 4,904 shares during the period. Nuveen LLC purchased a new stake in shares of Taylor Morrison Home in the 1st quarter valued at approximately $51,329,000. Finally, Assetmark Inc. lifted its position in shares of Taylor Morrison Home by 5.6% in the 2nd quarter. Assetmark Inc. now owns 827,090 shares of the construction company’s stock valued at $50,800,000 after acquiring an additional 43,905 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Up 1.9%

Shares of Taylor Morrison Home stock opened at $63.42 on Friday. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 7.64 and a beta of 1.58. The stock has a 50-day simple moving average of $61.94 and a 200-day simple moving average of $62.62. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.42. 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 (NYSE:TMHC) last issued its quarterly earnings data 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 firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.40 earnings per share. On average, equities research analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Sheryl Palmer sold 13,513 shares of Taylor Morrison Home 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 of the company’s stock, valued at approximately $26,696,428.50. The trade was a 3.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne L. Mariucci sold 14,002 shares of the company’s 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 completion of the sale, the director owned 48,191 shares of the company’s stock, valued at $3,373,370. This represents a 22.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Taylor Morrison Home in a research note on Tuesday. Royal Bank Of Canada lowered their price target 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 dropped 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, Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $75.29.

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.