Guggenheim Capital LLC Sells 1,831 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Guggenheim Capital LLC reduced its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 35.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,383 shares of the construction company’s stock after selling 1,831 shares during the period. Guggenheim Capital LLC’s holdings in Taylor Morrison Home were worth $207,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TMHC. CIBC Asset Management Inc boosted its stake in Taylor Morrison Home by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock valued at $202,000 after buying an additional 173 shares during the period. Pacer Advisors Inc. boosted its stake in Taylor Morrison Home by 1.2% during the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock valued at $944,000 after buying an additional 180 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after buying an additional 243 shares during the period. Smartleaf Asset Management LLC boosted its stake in Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after buying an additional 243 shares during the period. Finally, Savant Capital LLC boosted its stake in Taylor Morrison Home by 5.3% during the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company’s stock valued at $307,000 after buying an additional 251 shares during the period. 95.16% of the stock is owned by institutional investors.

Insider Activity

In related news, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the firm’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 disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TMHC. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Wedbush restated an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a “buy” rating in a research report on Wednesday, April 16th. Finally, StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.86.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $57.27 on Tuesday. The firm has a market cap of $5.83 billion, a PE ratio of 6.92 and a beta of 1.76. Taylor Morrison Home Co. has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. 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 business has a 50 day moving average price of $59.05 and a 200-day moving average price of $63.84.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.33. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 earnings per share. Equities research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

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.