Taylor Morrison Home Corporation $TMHC Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. raised its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,043,809 shares of the construction company’s stock after acquiring an additional 4,904 shares during the period. Franklin Resources Inc. owned approximately 1.04% of Taylor Morrison Home worth $64,111,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Neo Ivy Capital Management acquired a new position in shares of Taylor Morrison Home in the 2nd quarter valued at about $2,510,000. Dynamic Technology Lab Private Ltd lifted its position in Taylor Morrison Home by 74.5% during the second quarter. Dynamic Technology Lab Private Ltd now owns 40,770 shares of the construction company’s stock valued at $2,504,000 after buying an additional 17,408 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Taylor Morrison Home by 12.3% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 87,672 shares of the construction company’s stock worth $5,385,000 after buying an additional 9,598 shares during the period. Kingsview Wealth Management LLC grew its stake in Taylor Morrison Home by 4.1% during the second quarter. Kingsview Wealth Management LLC now owns 6,765 shares of the construction company’s stock worth $416,000 after buying an additional 265 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Taylor Morrison Home by 9.5% in the second quarter. Cetera Investment Advisers now owns 20,724 shares of the construction company’s stock worth $1,273,000 after acquiring an additional 1,799 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sheryl Palmer sold 13,513 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction 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 $26,696,428.50. The trade was a 3.52% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TMHC shares. Weiss Ratings restated a “hold (c+)” rating on shares of Taylor Morrison Home in a report on Wednesday, November 19th. Royal Bank Of Canada reduced their price objective on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Wedbush reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Finally, Bank of America dropped their target price on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Buy” and an average target price of $75.29.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $59.73 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The business has a 50 day moving average price of $62.27 and a two-hundred day moving average price of $62.58. The firm has a market cap of $5.84 billion, a PE ratio of 7.20 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The company had revenue of $94.84 million for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the company posted $2.40 EPS. Taylor Morrison Home’s quarterly revenue was down 1.2% on a year-over-year basis. Sell-side analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

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.