Verdence Capital Advisors LLC Buys 434 Shares of Taylor Morrison Home Corporation $TMHC

Verdence Capital Advisors LLC boosted its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,146 shares of the construction company’s stock after buying an additional 434 shares during the period. Verdence Capital Advisors LLC’s holdings in Taylor Morrison Home were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock valued at $40,000 after acquiring an additional 444 shares during the last quarter. KBC Group NV boosted its stake in shares of Taylor Morrison Home by 16.7% during the 1st quarter. KBC Group NV now owns 4,987 shares of the construction company’s stock worth $299,000 after purchasing an additional 714 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of Taylor Morrison Home during the 1st quarter worth about $243,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Taylor Morrison Home by 10.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company’s stock valued at $552,000 after purchasing an additional 900 shares during the last quarter. Finally, Cerity Partners LLC raised its position in Taylor Morrison Home by 15.6% in the 1st quarter. Cerity Partners LLC now owns 24,507 shares of the construction company’s stock worth $1,471,000 after purchasing an additional 3,311 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $62.60 on Thursday. The firm’s 50 day simple moving average is $66.90 and its 200-day simple moving average is $62.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49. The firm has a market cap of $6.28 billion, a PE ratio of 7.23 and a beta of 1.61.

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, topping the consensus estimate of $1.94 by $0.08. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.Taylor Morrison Home’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 earnings per share. As a group, equities analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Insider Activity

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 25,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $70.20, for a total transaction of $1,755,000.00. Following the transaction, the chief executive officer directly owned 383,988 shares in the company, valued at $26,955,957.60. This represents a 6.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne L. Mariucci sold 14,002 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the transaction, the director directly owned 48,191 shares in the company, valued at $3,373,370. This trade represents a 22.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,351 shares of company stock worth $4,700,630. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

TMHC has been the subject of several analyst reports. Bank of America decreased their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Taylor Morrison Home in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $77.13.

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.