Russell Investments Group Ltd. Reduces Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Russell Investments Group Ltd. reduced its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 6.7% in the fourth quarter, Holdings Channel reports. The fund owned 429,485 shares of the construction company’s stock after selling 30,650 shares during the quarter. Russell Investments Group Ltd.’s holdings in Taylor Morrison Home were worth $23,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc grew its holdings in Taylor Morrison Home by 138.9% during the third quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock valued at $26,000 after purchasing an additional 357 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Taylor Morrison Home in the 4th quarter worth about $48,000. Headlands Technologies LLC bought a new stake in Taylor Morrison Home in the 4th quarter valued at about $81,000. CWM LLC lifted its holdings in Taylor Morrison Home by 17.2% during the fourth quarter. CWM LLC now owns 1,804 shares of the construction company’s stock valued at $96,000 after purchasing an additional 265 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in Taylor Morrison Home during the third quarter worth about $108,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TMHC. Barclays upped their price target on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada lifted their price target on Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday. Seaport Res Ptn cut Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, Wedbush restated a “neutral” rating and issued a $55.00 target price on shares of Taylor Morrison Home in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $58.20.

Insider Activity

In related news, CFO Curtis Vanhyfte sold 9,874 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $57.70, for a total value of $569,729.80. Following the transaction, the chief financial officer now directly owns 7,765 shares in the company, valued at $448,040.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Curtis Vanhyfte sold 9,874 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $57.70, for a total value of $569,729.80. Following the completion of the transaction, the chief financial officer now directly owns 7,765 shares in the company, valued at $448,040.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 20,896 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $56.01, for a total value of $1,170,384.96. Following the completion of the transaction, the director now directly owns 2,837,020 shares in the company, valued at approximately $158,901,490.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 613,537 shares of company stock worth $36,409,767. 3.50% of the stock is currently owned by insiders.

Taylor Morrison Home Stock Up 0.1 %

TMHC opened at $56.05 on Thursday. The firm has a market capitalization of $5.97 billion, a P/E ratio of 8.02 and a beta of 1.88. Taylor Morrison Home Co. has a one year low of $37.23 and a one year high of $62.64. The company has a fifty day moving average price of $57.59 and a 200-day moving average price of $51.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.16 and a quick ratio of 1.13.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.18. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $1.74 earnings per share. Equities research analysts expect that Taylor Morrison Home Co. will post 7.29 earnings per share for the current fiscal year.

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.