Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 2.8% in the first quarter, Holdings Channel reports. The fund owned 344,085 shares of the construction company’s stock after selling 9,935 shares during the period. Rhumbline Advisers’ holdings in Taylor Morrison Home were worth $20,659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CIBC Asset Management Inc increased its position in shares of Taylor Morrison Home by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock worth $202,000 after purchasing an additional 173 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after purchasing an additional 243 shares during the last quarter. Savant Capital LLC increased its position in shares of Taylor Morrison Home by 5.3% during the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company’s stock worth $307,000 after purchasing an additional 251 shares during the last quarter. BTC Capital Management Inc. increased its position in shares of Taylor Morrison Home by 5.2% during the 1st quarter. BTC Capital Management Inc. now owns 5,442 shares of the construction company’s stock worth $327,000 after purchasing an additional 267 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Taylor Morrison Home by 68.1% during the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after purchasing an additional 277 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 analysts recently issued reports on the company. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a “buy” rating in a report on Wednesday, April 16th. Wedbush restated an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Wall Street Zen cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Sunday, June 1st. Finally, Bank of America assumed coverage on Taylor Morrison Home in a report on Monday, May 5th. They set a “buy” rating and a $70.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.88.

Taylor Morrison Home Stock Down 1.5%

TMHC opened at $57.23 on Friday. The business’s fifty day moving average is $57.48 and its two-hundred day moving average is $61.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 6.91 and a beta of 1.68. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business earned $1.75 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. Analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

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.