Taylor Morrison Home Co. (NYSE:TMHC) Stake Lifted by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. lifted its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 10.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 681,270 shares of the construction company’s stock after buying an additional 64,388 shares during the period. Taylor Morrison Home makes up 2.5% of Basswood Capital Management L.L.C.’s portfolio, making the stock its 10th biggest position. Basswood Capital Management L.L.C. owned 0.66% of Taylor Morrison Home worth $47,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Paloma Partners Management Co purchased a new position in shares of Taylor Morrison Home in the third quarter valued at $561,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Taylor Morrison Home by 25.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 305,788 shares of the construction company’s stock worth $21,485,000 after buying an additional 62,406 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Taylor Morrison Home by 2.9% in the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock worth $586,000 after buying an additional 234 shares in the last quarter. Walleye Capital LLC boosted its position in Taylor Morrison Home by 720.5% in the 3rd quarter. Walleye Capital LLC now owns 82,886 shares of the construction company’s stock valued at $5,824,000 after buying an additional 72,784 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Taylor Morrison Home by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,525 shares of the construction company’s stock valued at $16,899,000 after acquiring an additional 4,278 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the sale, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,621 shares of company stock worth $9,164,869 over the last ninety days. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TMHC. Raymond James reiterated an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. BTIG Research increased their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Barclays raised their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $73.87 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home Co. has a 12 month low of $44.59 and a 12 month high of $75.49. The company has a fifty day moving average price of $69.86 and a two-hundred day moving average price of $64.16. The company has a market cap of $7.64 billion, a PE ratio of 9.77 and a beta of 1.96.

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

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.