According to its most recent disclosure with the SEC, Sei Investments Co. increased its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC – Free Report) by 36.7% during the first quarter. The institutional investor owned 366,987 shares of the home improvement company after purchasing an additional 98,539 shares during the quarter. Sei Investments Co. owned about 0.34% of Taylor Morrison Home worth $22,816,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in Taylor Morrison Home during the first quarter valued at approximately $26,000. ICA Group Wealth Management LLC acquired a new stake in Taylor Morrison Home during the fourth quarter valued at $27,000. Private Wealth Management Group LLC acquired a new stake in Taylor Morrison Home during the fourth quarter valued at $39,000. Daiwa Securities Group Inc. acquired a new stake in Taylor Morrison Home during the fourth quarter valued at $48,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Taylor Morrison Home during the first quarter valued at $82,000. Hedge funds and other institutional investors own 95.16% of the company’s shares.
Wall Street analysts comment
Several equities analysts have commented on the company. Barclays decreased their price target on Taylor Morrison Home from $65.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, July 11. Royal Bank of Canada increased their price target on Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, May 1. Wedbush reiterated an “outperform” rating and issued a $61.00 price target on shares of Taylor Morrison Home in a report on Thursday, May 30. Finally, Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12. Three analysts have rated the stock with a “hold” rating and four have rated it with a “buy.” According to MarketBeat.com, the stock has a consensus rating of “moderate buy” and an average price target of $59.80.
Check out our latest report on TMHC
Insider buying and selling
In other news, CEO Sheryl Palmer sold 100,000 shares of the company’s stock on Wednesday, May 15. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the completion of the transaction, the CEO now directly owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the shares are currently owned by insiders.
Taylor Morrison Real Estate Price Development
TMHC stock opened at $62.63 on Tuesday. Taylor Morrison Home Co. has a 12-month low of $37.23 and a 12-month high of $62.81. The company has a market cap of $6.62 billion, a P/E ratio of 8.79 and a beta of 1.95. 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 company’s 50-day moving average price is $56.84 and its 200-day moving average price is $56.02.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) released its last earnings results on Tuesday, April 30. The home improvement company reported earnings per share of $1.75 for the quarter, beating the consensus estimate of $1.57 by $0.18. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the company reported earnings per share of $1.74. Taylor Morrison Home’s revenue for the quarter increased 2.3% year-over-year. On average, sell-side analysts expect that Taylor Morrison Home Co. will report earnings per share of $7.62 for the current year.
About Taylor Morrison Home
(Free report)
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public housing developer in the United States. The company designs, builds and sells single-family, multi-family and townhomes and develops lifestyle and master-planned communities. It develops and builds multi-use properties consisting of commercial space, retail stores and multifamily housing under the Urban Form brand name.
Further information
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