Mutual of America Capital Management LLC Has $21.57 Million Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Mutual of America Capital Management LLC lessened its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 389,026 shares of the construction company’s stock after selling 17,953 shares during the quarter. Mutual of America Capital Management LLC owned about 0.37% of Taylor Morrison Home worth $21,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in shares of Taylor Morrison Home by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,065,300 shares of the construction company’s stock valued at $128,400,000 after purchasing an additional 71,564 shares during the last quarter. Norges Bank bought a new position in Taylor Morrison Home during the 4th quarter worth approximately $63,137,000. Bank of New York Mellon Corp boosted its stake in Taylor Morrison Home by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock worth $59,125,000 after acquiring an additional 4,638 shares during the last quarter. Assetmark Inc. boosted its stake in Taylor Morrison Home by 99.3% during the 4th quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock worth $41,976,000 after acquiring an additional 391,964 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Taylor Morrison Home by 18.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock worth $43,590,000 after acquiring an additional 122,864 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $69.74 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. Taylor Morrison Home Co. has a 12-month low of $37.23 and a 12-month high of $69.88. The company has a market capitalization of $7.38 billion, a PE ratio of 9.98 and a beta of 1.96. The firm’s 50 day moving average is $64.30 and its 200-day moving average is $59.72.

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

Insider Buying and Selling

In related news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the transaction, the director now directly owns 2,255,316 shares in the company, valued at $145,084,478.28. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the transaction, the director now directly owns 2,255,316 shares in the company, valued at $145,084,478.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the transaction, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,000 shares of company stock worth $5,966,317. Insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TMHC. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Raymond James began coverage on shares of Taylor Morrison Home in a report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 target price on the stock. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. BTIG Research upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Monday, August 19th. Finally, Barclays raised their target price on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.17.

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.