Mutual of America Capital Management LLC Sells 17,953 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Mutual of America Capital Management LLC trimmed its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 389,026 shares of the construction company’s stock after selling 17,953 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Taylor Morrison Home were worth $21,568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Taylor Morrison Home by 4,586.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after acquiring an additional 649,230 shares during the period. Janus Henderson Group PLC boosted its position in shares of Taylor Morrison Home by 22.3% in the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock valued at $4,761,000 after acquiring an additional 13,987 shares during the period. TCW Group Inc. boosted its position in shares of Taylor Morrison Home by 118.2% in the fourth quarter. TCW Group Inc. now owns 57,315 shares of the construction company’s stock valued at $3,058,000 after acquiring an additional 31,045 shares during the period. Sei Investments Co. boosted its position in shares of Taylor Morrison Home by 36.7% in the first quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock valued at $22,816,000 after acquiring an additional 98,539 shares during the period. Finally, Journey Strategic Wealth LLC bought a new stake in shares of Taylor Morrison Home in the fourth quarter valued at about $235,000. 95.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TMHC. BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Monday, August 19th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Royal Bank of Canada upped their price objective on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Raymond James began coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective for the company. Finally, Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus price target of $70.17.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $69.74 on Wednesday. Taylor Morrison Home Co. has a 12-month low of $37.23 and a 12-month high of $69.88. The business’s fifty day moving average is $64.30 and its 200 day moving average is $59.72. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The stock has a market cap of $7.38 billion, a P/E ratio of 9.98 and a beta of 1.96.

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

Insider Activity

In other news, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the completion of the sale, the director now directly owns 2,255,316 shares of the company’s stock, valued at approximately $145,084,478.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the transaction, the director now owns 2,255,316 shares of the company’s stock, valued at approximately $145,084,478.28. The disclosure for this sale can be found here. Insiders sold a total of 90,000 shares of company stock valued at $5,966,317 in the last ninety days. 3.50% of the stock is currently owned by insiders.

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.