Arrowstreet Capital Limited Partnership Sells 394,326 Shares of Taylor Morrison Home Corporation $TMHC

Arrowstreet Capital Limited Partnership cut its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 52.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 357,714 shares of the construction company’s stock after selling 394,326 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.36% of Taylor Morrison Home worth $21,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of Taylor Morrison Home during the first quarter valued at approximately $243,000. Arkadios Wealth Advisors acquired a new stake in Taylor Morrison Home in the 2nd quarter valued at $359,000. Nordea Investment Management AB increased its stake in Taylor Morrison Home by 3.9% during the 2nd quarter. Nordea Investment Management AB now owns 175,654 shares of the construction company’s stock valued at $10,722,000 after purchasing an additional 6,598 shares in the last quarter. American Century Companies Inc. raised its holdings in Taylor Morrison Home by 14.4% during the first quarter. American Century Companies Inc. now owns 877,305 shares of the construction company’s stock worth $52,673,000 after buying an additional 110,619 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Taylor Morrison Home during the first quarter worth $1,403,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Down 0.4%

Shares of NYSE:TMHC opened at $62.45 on Monday. 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 PE ratio of 7.52 and a beta of 1.57. The business has a fifty day moving average price of $61.57 and a two-hundred day moving average price of $62.82. 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 released its earnings results 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 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 period in the previous year, the business posted $2.40 EPS. Analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Taylor Morrison Home from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 1st. Bank of America dropped 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 research report on Friday, October 10th. Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada lowered their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $75.29.

Insider Buying and Selling

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the business’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 in the company, valued at $3,373,370. The trade was a 22.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.