Algert Global LLC Buys 9,906 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Algert Global LLC raised its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,438 shares of the construction company’s stock after purchasing an additional 9,906 shares during the quarter. Algert Global LLC owned 0.17% of Taylor Morrison Home worth $12,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Taylor Morrison Home during the 3rd quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Taylor Morrison Home during the second quarter worth approximately $31,000. Harbor Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home in the 3rd quarter worth approximately $34,000. UMB Bank n.a. boosted its stake in shares of Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new position in shares of Taylor Morrison Home during the 3rd quarter valued at $62,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $71.07 on Friday. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $69.45 and a 200 day moving average of $63.59. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 9.40 and a beta of 1.96. Taylor Morrison Home Co. has a 52 week low of $44.32 and a 52 week high of $74.69.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company earned $1.62 earnings per share. Taylor Morrison Home’s quarterly revenue was up 26.6% on a year-over-year basis. As a group, research analysts expect that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. 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 note on Thursday, October 24th. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays raised their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $77.33.

Insider Activity

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the sale, the director now owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the transaction, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,337 shares of company stock worth $7,356,683 in the last quarter. 3.50% of the stock is owned by company insiders.

About Taylor Morrison Home

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.