Taylor Morrison Home Co. (NYSE:TMHC) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC increased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 184.5% during the third quarter, HoldingsChannel.com reports. The fund owned 20,330 shares of the construction company’s stock after buying an additional 13,185 shares during the period. Inspire Investing LLC’s holdings in Taylor Morrison Home were worth $1,428,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TMHC. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Taylor Morrison Home by 29.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 30,900 shares of the construction company’s stock worth $2,170,000 after purchasing an additional 7,000 shares during the last quarter. UMB Bank n.a. boosted its stake in Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after buying an additional 388 shares during the last quarter. CWM LLC grew its holdings in Taylor Morrison Home by 18.5% in the 3rd quarter. CWM LLC now owns 2,766 shares of the construction company’s stock valued at $194,000 after buying an additional 432 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Taylor Morrison Home by 34.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,160 shares of the construction company’s stock worth $2,049,000 after acquiring an additional 7,400 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of Taylor Morrison Home by 17.8% during the 3rd quarter. Park Avenue Securities LLC now owns 6,163 shares of the construction company’s stock worth $433,000 after acquiring an additional 932 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

TMHC has been the subject of a number of analyst reports. BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Monday, August 19th. Raymond James started 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 target on the stock. Barclays increased their price objective on Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Finally, StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.17.

Taylor Morrison Home Price Performance

TMHC opened at $67.40 on Monday. The stock’s 50-day moving average price is $65.99 and its 200 day moving average price is $61.07. Taylor Morrison Home Co. has a 12-month low of $37.23 and a 12-month high of $71.95. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 10.01 and a beta of 1.96. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, beating the consensus estimate 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 net margin of 9.92% and a return on equity of 14.99%. As a group, sell-side analysts expect that Taylor Morrison Home Co. will post 8.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 1,741 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the sale, the director now directly owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the sale, the director now owns 2,195,316 shares of the company’s stock, valued at $149,347,347.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 2,255,316 shares of the company’s stock, valued at $145,084,478.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,072 shares of company stock worth $5,971,357 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.

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.