Donald Smith & CO. Inc. Decreases Holdings in Taylor Morrison Home Corporation $TMHC

Donald Smith & CO. Inc. cut its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,792,671 shares of the construction company’s stock after selling 8,974 shares during the quarter. Taylor Morrison Home comprises about 2.6% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 15th biggest position. Donald Smith & CO. Inc. owned 1.79% of Taylor Morrison Home worth $110,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of TMHC. Hantz Financial Services Inc. raised its holdings in shares of Taylor Morrison Home by 1.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 12,341 shares of the construction company’s stock valued at $758,000 after buying an additional 165 shares during the period. Covestor Ltd grew its position in Taylor Morrison Home by 14.9% in the first quarter. Covestor Ltd now owns 1,292 shares of the construction company’s stock valued at $78,000 after acquiring an additional 168 shares in the last quarter. Cornerstone Select Advisors LLC raised its stake in shares of Taylor Morrison Home by 0.7% during the first quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company’s stock valued at $1,452,000 after purchasing an additional 175 shares during the period. Parkside Financial Bank & Trust lifted 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 worth $102,000 after purchasing an additional 190 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Taylor Morrison Home by 2.2% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,400 shares of the construction company’s stock valued at $577,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $62.45 on Friday. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 7.52 and a beta of 1.57. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50. The business has a 50 day simple moving average of $61.57 and a 200-day simple moving average of $62.78.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the business posted $2.40 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities research analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Insider Activity at Taylor Morrison Home

In other news, Director Anne L. Mariucci sold 14,002 shares of Taylor Morrison Home 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 completion of the transaction, the director directly owned 48,191 shares of the company’s stock, valued at approximately $3,373,370. The trade was a 22.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TMHC shares. Royal Bank Of Canada dropped their price target on shares of 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. 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 research report on Friday, October 10th. Weiss Ratings raised Taylor Morrison Home from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 1st. Finally, Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus 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.