BTC Capital Management Inc. acquired a new position in Taylor Morrison Home Co. (NYSE:TMHC – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,903 shares of the home improvement company’s stock valued at approximately $367,000.
Other institutional investors and hedge funds have also been buying and selling shares of the company. Norges Bank acquired a new stake in Taylor Morrison Home during the fourth quarter valued at about $63,137,000. Assenagon Asset Management SA increased its holdings in shares of Taylor Morrison Home by 3,268.0% during the fourth quarter. Assenagon Asset Management SA now owns 452,087 shares of the construction company’s stock valued at $24,119,000 after buying an additional 438,664 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Taylor Morrison Home by 99.3% during the fourth quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock valued at $41,976,000 after buying an additional 391,964 shares during the same period. Franklin Resources Inc. increased its holdings in shares of Taylor Morrison Home by 203.9% during the fourth quarter. Franklin Resources Inc. now owns 418,851 shares of the construction company’s stock valued at $22,346,000 after purchasing an additional 281,017 shares in the last quarter. Finally, Penn Capital Management Company LLC acquired a new position in shares of Taylor Morrison Home in the fourth quarter valued at $13,236,000. Institutional investors own 95.16% of the company’s stock.
Insider Buying and Selling at Taylor Morrison Home
In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the company’s stock in a transaction that occurred 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 sale, the CEO now directly owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible from the SEC’s website. In other news, Director William H. Lyon sold 153,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28. The shares were sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the transaction, the director now directly owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. Also, CEO Sheryl Palmer sold 100,000 shares of the company’s stock in a transaction dated Wednesday, May 15. The shares were sold at an average price of $61.70, for a total value 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 disclosure regarding this sale can be found here. Company insiders own 3.50% of the company’s stock.
Taylor Morrison Home share price development
NYSE TMHC opened at $55.31 on Friday. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 7.91 and a beta of 1.93. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $62.64. The company has a 50-day moving average of $56.98 and a 200-day moving average of $55.54.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last announced its 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 analyst expectations of $1.66 billion. During the same quarter last year, the company generated earnings per share of $1.74. The company’s revenue for the quarter increased 2.3% year-over-year. On average, equities analysts forecast that Taylor Morrison Home Co. will report earnings per share of $7.62 for the current fiscal year.
Analysts set new price targets
Several brokerage firms have recently issued reports on TMHC. Zelman & Associates upgraded shares of Taylor Morrison Home from “underperform” to “neutral” in a research note on Friday, April 12. Wedbush reiterated an “outperform” rating and a $61.00 price target on shares of Taylor Morrison Home in a research report on Thursday, May 30. StockNews.com upgraded shares of Taylor Morrison Home from “hold” to “buy” in a report on Monday, June 10. Finally, Royal Bank of Canada increased their price target on Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1. Three equities analysts have rated the stock with a “hold” rating and four have given the stock a “buy” rating in a report on Wednesday, May 1. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.40.
Read our latest stock analysis on TMHC
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.
See also
Want to see which other hedge funds hold TMHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taylor Morrison Home Co. (NYSE:TMHC – Free Report).
Get daily news and reviews about Taylor Morrison Home – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Taylor Morrison Home and related companies with MarketBeat.com’s FREE daily email newsletter.
