Fisher Asset Management LLC Decreases Stock Position in Taylor Morrison Home Corporation $TMHC

Fisher Asset Management LLC trimmed its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 63.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 456,676 shares of the construction company’s stock after selling 789,299 shares during the quarter. Fisher Asset Management LLC owned 0.46% of Taylor Morrison Home worth $28,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in shares of 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 last quarter. Covestor Ltd lifted its stake in Taylor Morrison Home by 14.9% in the first quarter. Covestor Ltd now owns 1,292 shares of the construction company’s stock worth $78,000 after purchasing an additional 168 shares during the last quarter. Cornerstone Select Advisors LLC lifted its stake in Taylor Morrison Home by 0.7% in the first quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company’s stock worth $1,452,000 after purchasing an additional 175 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Taylor Morrison Home by 13.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock valued at $102,000 after buying an additional 190 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Taylor Morrison Home by 2.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,400 shares of the construction company’s stock valued at $577,000 after buying an additional 200 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of a number of research analyst reports. Royal Bank Of Canada decreased their price target on 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. Weiss Ratings upgraded Taylor Morrison Home from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Bank of America cut their price target 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. Finally, Wedbush reiterated an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $75.29.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $63.05 on Wednesday. The stock has a market capitalization of $6.16 billion, a PE ratio of 7.60 and a beta of 1.58. The company has a 50 day moving average price of $61.73 and a 200-day moving average price of $62.72. 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 fifty-two week low of $51.90 and a fifty-two week high of $73.58.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. Taylor Morrison Home’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.40 earnings per share. Equities analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other news, Director Anne L. Mariucci sold 14,002 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the completion of the transaction, the director directly owned 48,191 shares in the company, valued at $3,373,370. This trade represents a 22.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sheryl Palmer sold 13,513 shares of the business’s stock in a transaction dated 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 directly owned 370,475 shares of the company’s stock, valued at approximately $26,696,428.50. This trade represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by 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.