Leuthold Group LLC Has $5.26 Million Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Leuthold Group LLC decreased its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 0.2% during the first quarter, Holdings Channel.com reports. The firm owned 84,560 shares of the construction company’s stock after selling 180 shares during the period. Leuthold Group LLC’s holdings in Taylor Morrison Home were worth $5,257,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Taylor Morrison Home during the first quarter worth $26,000. ICA Group Wealth Management LLC bought a new position in Taylor Morrison Home during the fourth quarter worth about $27,000. Private Wealth Management Group LLC acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $39,000. Daiwa Securities Group Inc. acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $48,000. Finally, Headlands Technologies LLC bought a new stake in Taylor Morrison Home in the 4th quarter valued at approximately $81,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of research analyst reports. Barclays dropped their price target on Taylor Morrison Home from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday. Wedbush reiterated an “outperform” rating and issued a $61.00 target price on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Finally, StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.80.

Insiders Place Their Bets

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total value of $6,170,000.00. Following the transaction, the chief executive officer now directly owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is owned by insiders.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock traded up $2.15 during trading on Friday, reaching $61.51. The company had a trading volume of 385,320 shares, compared to its average volume of 769,312. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $56.77 and its 200 day simple moving average is $55.95. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 8.75 and a beta of 1.95. Taylor Morrison Home Co. has a 52 week low of $37.23 and a 52 week high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 earnings per share. Sell-side analysts forecast that Taylor Morrison Home Co. will post 7.62 earnings per share for the current fiscal 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.