Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its position in Taylor Morrison Home Co. (NYSE:TMHC) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 724,889 shares of the construction company’s stock after selling 13,941 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Taylor Morrison Home were worth $44,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its position in shares of Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock worth $350,455,000 after purchasing an additional 136,432 shares during the period. Principal Financial Group Inc. increased its position in Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after buying an additional 69,222 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in 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 buying an additional 282,227 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Taylor Morrison Home by 2.5% during the third quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company’s stock valued at $80,938,000 after acquiring an additional 28,166 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Taylor Morrison Home by 271.0% during the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after acquiring an additional 654,541 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Wednesday, January 8th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. BTIG Research increased their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

Taylor Morrison Home Trading Down 1.0 %

Shares of TMHC stock opened at $65.71 on Friday. The stock has a 50-day simple moving average of $66.12 and a 200 day simple moving average of $65.81. The stock has a market capitalization of $6.80 billion, a P/E ratio of 8.69 and a beta of 2.01. Taylor Morrison Home Co. has a fifty-two week low of $50.99 and a fifty-two week high of $75.49. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company posted $1.62 EPS. The business’s revenue was up 26.6% compared to the same quarter last year. On average, sell-side analysts expect that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,549 shares of company stock valued at $9,159,829. Corporate insiders own 3.50% of the company’s stock.

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.