BOS Asset Management LLC Has $921,000 Stock Position in Taylor Morrison Home Corporation $TMHC

BOS Asset Management LLC raised its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,989 shares of the construction company’s stock after acquiring an additional 1,070 shares during the quarter. BOS Asset Management LLC’s holdings in Taylor Morrison Home were worth $921,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TMHC. Nuveen LLC bought a new position in Taylor Morrison Home in the 1st quarter valued at about $51,329,000. Long Pond Capital LP bought a new position in Taylor Morrison Home in the 1st quarter valued at about $40,345,000. Junto Capital Management LP bought a new position in Taylor Morrison Home in the 1st quarter valued at about $34,007,000. Victory Capital Management Inc. raised its holdings in Taylor Morrison Home by 197.2% in the 1st quarter. Victory Capital Management Inc. now owns 793,987 shares of the construction company’s stock valued at $47,671,000 after acquiring an additional 526,819 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Taylor Morrison Home by 80.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company’s stock valued at $54,760,000 after acquiring an additional 405,875 shares during the period. 95.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Sunday, June 1st. Bank of America increased their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $77.50.

Taylor Morrison Home Stock Down 1.9%

Shares of TMHC opened at $65.13 on Friday. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The firm’s 50 day moving average is $66.29 and its 200-day moving average is $61.57. The stock has a market capitalization of $6.54 billion, a PE ratio of 7.52 and a beta of 1.58. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.08. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.86 earnings per share. Equities research analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Insider Activity at Taylor Morrison Home

In related news, Director Anne L. Mariucci sold 14,002 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $70.00, for a total value of $980,140.00. Following the transaction, the director directly owned 48,191 shares of the company’s stock, valued at $3,373,370. This trade represents a 22.51% 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, CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total transaction of $636,155.88. Following the completion of the transaction, the chief financial officer directly owned 14,163 shares in the company, valued at $923,710.86. This trade represents a 40.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,351 shares of company stock valued at $4,700,630 over the last three months. 1.40% of the stock is owned by insiders.

Taylor Morrison Home Company 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.