Mutual of America Capital Management LLC Sells 2,279 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Mutual of America Capital Management LLC lessened its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 0.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 386,747 shares of the construction company’s stock after selling 2,279 shares during the period. Mutual of America Capital Management LLC owned about 0.37% of Taylor Morrison Home worth $27,173,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TMHC. Forum Financial Management LP grew its position in shares of Taylor Morrison Home by 3.9% in the 2nd quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock valued at $246,000 after acquiring an additional 165 shares during the period. Resonant Capital Advisors LLC grew its holdings in Taylor Morrison Home by 2.1% during the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock worth $640,000 after purchasing an additional 191 shares during the period. TCW Group Inc. increased its position in Taylor Morrison Home by 0.4% during the second quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock worth $2,894,000 after buying an additional 213 shares during the last quarter. Arizona State Retirement System raised its stake in Taylor Morrison Home by 0.9% in the second quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock valued at $1,652,000 after buying an additional 266 shares during the period. Finally, SummerHaven Investment Management LLC lifted its position in shares of Taylor Morrison Home by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 14,831 shares of the construction company’s stock valued at $822,000 after buying an additional 267 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Raymond James restated an “outperform” rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $70.02 on Friday. Taylor Morrison Home Co. has a 52 week low of $44.32 and a 52 week high of $74.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The firm’s 50-day simple moving average is $68.99 and its 200 day simple moving average is $63.14. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 9.26 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last announced its 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. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period last year, the firm earned $1.62 earnings per share. As a group, sell-side analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Insider Activity

In related news, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, November 7th. The shares were 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 $153,980,251.28. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Darrell Sherman sold 68,433 shares of the company’s stock in a transaction 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 owns 109,217 shares of the company’s stock, valued at $7,699,798.50. The trade was a 38.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,337 shares of company stock worth $7,356,683. 3.50% of the stock is currently 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.