Charles Schwab Investment Management Inc. Raises Stock Holdings in Taylor Morrison Home Corporation $TMHC

Charles Schwab Investment Management Inc. grew its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,374,540 shares of the construction company’s stock after purchasing an additional 20,902 shares during the period. Charles Schwab Investment Management Inc. owned about 1.37% of Taylor Morrison Home worth $84,424,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. raised its stake in shares of Taylor Morrison Home by 3.5% during the first quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company’s stock valued at $354,000 after acquiring an additional 201 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Taylor Morrison Home by 10.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,976 shares of the construction company’s stock worth $2,040,000 after purchasing an additional 3,304 shares during the period. Natixis Advisors LLC raised its position in Taylor Morrison Home by 35.4% during the 1st quarter. Natixis Advisors LLC now owns 27,035 shares of the construction company’s stock valued at $1,623,000 after purchasing an additional 7,074 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Taylor Morrison Home by 23.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,300 shares of the construction company’s stock valued at $378,000 after purchasing an additional 1,207 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Taylor Morrison Home by 21.4% in the 1st quarter. US Bancorp DE now owns 5,002 shares of the construction company’s stock worth $300,000 after buying an additional 881 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Taylor Morrison Home Price Performance

NYSE TMHC opened at $62.69 on Friday. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 7.55 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. The stock’s fifty day moving average price is $61.84 and its 200 day moving average price is $62.64. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $75.32.

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, topping the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company earned $2.40 EPS. Taylor Morrison Home’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Insider Buying and Selling 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 value of $980,140.00. Following the transaction, the director directly owned 48,191 shares of the company’s stock, valued at approximately $3,373,370. This trade represents a 22.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sheryl Palmer sold 13,513 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 370,475 shares in the company, valued at approximately $26,696,428.50. This trade represents a 3.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.