Allianz Asset Management GmbH Buys 133,347 Shares of Taylor Morrison Home Corporation $TMHC

Allianz Asset Management GmbH boosted its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 27.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 610,475 shares of the construction company’s stock after buying an additional 133,347 shares during the period. Allianz Asset Management GmbH owned approximately 0.61% of Taylor Morrison Home worth $37,495,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after acquiring an additional 444 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Taylor Morrison Home by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock worth $48,000 after acquiring an additional 262 shares during the last quarter. Parallel Advisors LLC increased its stake in Taylor Morrison Home by 29.9% in the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock worth $54,000 after acquiring an additional 203 shares during the last quarter. IFP Advisors Inc bought a new position in Taylor Morrison Home in the 2nd quarter worth about $65,000. Finally, Fifth Third Bancorp increased its stake in Taylor Morrison Home by 27.8% in the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company’s stock worth $62,000 after acquiring an additional 225 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Anne L. Mariucci sold 14,002 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the completion of the sale, the director owned 48,191 shares of the company’s stock, valued at approximately $3,373,370. The trade was a 22.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sheryl Palmer sold 13,513 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $72.06, for a total value of $973,746.78. Following the completion of the sale, the chief executive officer directly owned 370,475 shares of the company’s stock, valued at approximately $26,696,428.50. This trade represents a 3.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,351 shares of company stock valued at $4,700,630. Insiders own 1.40% of the company’s stock.

Taylor Morrison Home Trading Down 0.0%

Shares of TMHC stock opened at $61.73 on Friday. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $66.79 and a two-hundred day moving average price of $62.04. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49. The firm has a market cap of $6.20 billion, a P/E ratio of 7.13 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results 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. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. Equities analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Seaport Res Ptn upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Taylor Morrison Home in a research note on Wednesday, October 8th. Finally, Bank of America decreased their target price on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $77.13.

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.