Hanlon Investment Management Inc. Cuts Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Hanlon Investment Management Inc. cut its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 7.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,574 shares of the construction company’s stock after selling 1,084 shares during the period. Hanlon Investment Management Inc.’s holdings in Taylor Morrison Home were worth $883,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Taylor Morrison Home during the third quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Taylor Morrison Home during the second quarter valued at $31,000. Harbor Capital Advisors Inc. bought a new stake in Taylor Morrison Home in the 3rd quarter valued at $34,000. UMB Bank n.a. lifted its stake in Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after purchasing an additional 388 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of Taylor Morrison Home during the 1st quarter valued at about $82,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on TMHC. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the company from $65.00 to $85.00 in a research report on Friday, October 25th. BTIG Research boosted their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Raymond James reiterated an “outperform” rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.33.

Insider Activity

In related news, EVP Darrell Sherman sold 68,433 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the transaction, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,699,798.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 95,262 shares of company stock valued at $6,702,557. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $70.11 on Tuesday. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 9.27 and a beta of 1.96. Taylor Morrison Home Co. has a 12 month low of $41.99 and a 12 month high of $71.95. The firm’s 50-day moving average is $68.05 and its 200 day moving average is $62.30.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. Taylor Morrison Home’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.62 EPS. Research analysts predict that Taylor Morrison Home Co. will post 8.43 EPS for the current year.

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.