Inspire Advisors LLC Trims Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Inspire Advisors LLC lowered its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,762 shares of the construction company’s stock after selling 928 shares during the period. Inspire Advisors LLC’s holdings in Taylor Morrison Home were worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TMHC. Vision Capital Corp acquired a new position in shares of Taylor Morrison Home in the third quarter valued at approximately $38,173,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Taylor Morrison Home by 26.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after purchasing an additional 282,227 shares during the period. Barclays PLC increased its holdings in shares of Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock valued at $29,539,000 after purchasing an additional 167,735 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Taylor Morrison Home in the third quarter valued at approximately $10,291,000. Finally, State Street Corp boosted its stake in shares of Taylor Morrison Home by 2.8% in the third quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock valued at $350,455,000 after buying an additional 136,432 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Buying and Selling

In related news, CAO Joseph Terracciano sold 1,537 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TMHC shares. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.43.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $59.55 on Thursday. Taylor Morrison Home Co. has a 52 week low of $53.17 and a 52 week high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $62.92 and its 200 day simple moving average is $66.19. The firm has a market capitalization of $6.06 billion, a PE ratio of 7.19 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. On average, equities research analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

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.