Cresset Asset Management LLC Has $6.29 Million Holdings in Taylor Morrison Home Corporation $TMHC

Cresset Asset Management LLC lowered its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 17.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 102,331 shares of the construction company’s stock after selling 21,804 shares during the period. Cresset Asset Management LLC owned approximately 0.10% of Taylor Morrison Home worth $6,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $93,627,000. Nuveen LLC purchased a new stake in Taylor Morrison Home in the 1st quarter valued at $51,329,000. Long Pond Capital LP bought a new position in Taylor Morrison Home during the 1st quarter valued at $40,345,000. Junto Capital Management LP purchased a new position in Taylor Morrison Home during the 1st quarter worth $34,007,000. Finally, Interval Partners LP boosted its holdings in Taylor Morrison Home by 93.2% during the 1st quarter. Interval Partners LP now owns 694,542 shares of the construction company’s stock worth $41,700,000 after acquiring an additional 334,972 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by company insiders.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $62.45 on Friday. 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 business has a fifty day simple moving average of $61.57 and a two-hundred day simple moving average of $62.78. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $72.50. The company has a market capitalization of $6.10 billion, a P/E ratio of 7.52 and a beta of 1.57.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.18. The firm had revenue of $2.10 billion for 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 for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.40 EPS. On average, analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TMHC. Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research 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 for the company in a research note on Friday, October 10th. Royal Bank Of Canada cut their target price on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Finally, Weiss Ratings raised Taylor Morrison Home from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $75.29.

Taylor Morrison Home Company 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.