Royce & Associates LP Boosts Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Royce & Associates LP lifted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 1.8% in the third quarter, HoldingsChannel.com reports. The firm owned 163,063 shares of the construction company’s stock after acquiring an additional 2,940 shares during the quarter. Royce & Associates LP’s holdings in Taylor Morrison Home were worth $11,457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMHC. V Square Quantitative Management LLC purchased a new position in Taylor Morrison Home during the third quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Taylor Morrison Home in the 2nd quarter worth approximately $31,000. Harbor Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home during the 3rd quarter worth approximately $34,000. UMB Bank n.a. increased its holdings in Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Taylor Morrison Home in the second quarter valued at approximately $100,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Down 0.2 %

Shares of NYSE:TMHC opened at $70.02 on Friday. The company has a market capitalization of $7.25 billion, a P/E ratio of 9.26 and a beta of 1.96. The stock’s fifty day simple moving average is $68.99 and its 200-day simple moving average is $63.14. Taylor Morrison Home Co. has a 52-week low of $44.32 and a 52-week high of $74.69. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm posted $1.62 EPS. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. As a group, equities research analysts forecast that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of recent research reports. Barclays boosted their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price target for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Raymond James reaffirmed an “outperform” rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Finally, Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the transaction, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,699,798.50. This trade represents a 38.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William H. Lyon sold 9,075 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the transaction, the director now owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,337 shares of company stock valued at $7,356,683. 3.50% of the stock is currently owned by insiders.

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.