2,953 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Purchased by Strategy Asset Managers LLC

Strategy Asset Managers LLC acquired a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,953 shares of the construction company’s stock, valued at approximately $207,000.

A number of other large investors also recently bought and sold shares of TMHC. Pathstone Holdings LLC boosted its holdings in shares of Taylor Morrison Home by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 78,824 shares of the construction company’s stock valued at $5,538,000 after buying an additional 1,044 shares during the period. Peterson Financial Group Inc. bought a new stake in Taylor Morrison Home in the third quarter valued at $62,000. Natixis Advisors LLC grew its position in shares of Taylor Morrison Home by 14.1% during the third quarter. Natixis Advisors LLC now owns 21,862 shares of the construction company’s stock worth $1,536,000 after acquiring an additional 2,705 shares during the last quarter. Check Capital Management Inc. CA bought a new position in shares of Taylor Morrison Home during the third quarter worth about $239,000. Finally, Royce & Associates LP raised its holdings in shares of Taylor Morrison Home by 1.8% during the third quarter. Royce & Associates LP now owns 163,063 shares of the construction company’s stock valued at $11,457,000 after buying an additional 2,940 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 9,075 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the transaction, the director now directly owns 2,136,241 shares of the company’s stock, valued at approximately $153,980,251.28. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darrell Sherman sold 68,433 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total value of $4,824,526.50. Following the sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,699,798.50. The trade was a 38.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,337 shares of company stock valued at $7,356,683. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $69.44 on Friday. The stock’s fifty day simple moving average is $69.31 and its 200-day simple moving average is $63.46. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 9.19 and a beta of 1.96. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Co. has a 1-year low of $44.32 and a 1-year high of $74.69.

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

Analysts Set New Price Targets

Several analysts recently commented on the company. BTIG Research raised their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada raised their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $65.00 to $85.00 in a report on Friday, October 25th. Raymond James reissued an “outperform” rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Finally, Barclays raised their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

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.