Hanlon Investment Management Inc. Has $757,000 Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Hanlon Investment Management Inc. raised its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,658 shares of the construction company’s stock after acquiring an additional 269 shares during the period. Hanlon Investment Management Inc.’s holdings in Taylor Morrison Home were worth $757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in Taylor Morrison Home by 4,586.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after buying an additional 649,230 shares during the period. Janus Henderson Group PLC grew its stake in shares of Taylor Morrison Home by 22.3% in the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock worth $4,761,000 after acquiring an additional 13,987 shares during the last quarter. TCW Group Inc. raised its stake in Taylor Morrison Home by 118.2% during the 4th quarter. TCW Group Inc. now owns 57,315 shares of the construction company’s stock valued at $3,058,000 after purchasing an additional 31,045 shares during the last quarter. Sei Investments Co. boosted its holdings in Taylor Morrison Home by 36.7% in the 1st quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock valued at $22,816,000 after purchasing an additional 98,539 shares during the period. Finally, Journey Strategic Wealth LLC acquired a new stake in Taylor Morrison Home in the 4th quarter worth $235,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Raymond James started coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective for the company. Wedbush reiterated a “neutral” rating and issued a $65.00 price objective (up previously from $61.00) on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. Barclays boosted their price objective on Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.17.

Insider Buying and Selling

In other news, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total value of $1,989,300.00. Following the completion of the sale, the director now directly owns 2,225,316 shares in the company, valued at $147,560,703.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director William H. Lyon sold 28,259 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $68.25, for a total value of $1,928,676.75. Following the completion of the sale, the director now owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William H. Lyon sold 30,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total value of $1,989,300.00. Following the transaction, the director now directly owns 2,225,316 shares in the company, valued at approximately $147,560,703.96. The disclosure for this sale can be found here. Insiders have sold a total of 90,000 shares of company stock worth $5,966,317 in the last three months. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Up 0.2 %

TMHC opened at $64.15 on Friday. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 9.19 and a beta of 1.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. The firm’s 50-day simple moving average is $62.56 and its 200-day simple moving average is $59.17. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $69.62.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.06. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. Equities research analysts anticipate that Taylor Morrison Home Co. will post 8.15 EPS for the current fiscal year.

About Taylor Morrison Home

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.