Taylor Morrison Home Corporation $TMHC Position Trimmed by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. decreased its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,428,739 shares of the construction company’s stock after selling 247,233 shares during the period. Fuller & Thaler Asset Management Inc. owned about 2.42% of Taylor Morrison Home worth $145,821,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Covestor Ltd increased its stake in Taylor Morrison Home by 14.9% during the first quarter. Covestor Ltd now owns 1,292 shares of the construction company’s stock valued at $78,000 after purchasing an additional 168 shares during the last quarter. Cornerstone Select Advisors LLC increased its holdings in shares of Taylor Morrison Home by 0.7% in the 1st quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company’s stock worth $1,452,000 after acquiring an additional 175 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Taylor Morrison Home by 6.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company’s stock worth $207,000 after acquiring an additional 197 shares during the period. Avantax Advisory Services Inc. increased its holdings in shares of Taylor Morrison Home by 3.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company’s stock worth $354,000 after acquiring an additional 201 shares during the period. Finally, Xponance Inc. increased its holdings in shares of Taylor Morrison Home by 1.4% in the 1st quarter. Xponance Inc. now owns 15,631 shares of the construction company’s stock worth $938,000 after acquiring an additional 220 shares during the period. Institutional investors own 95.16% of the company’s stock.

Insiders Place Their Bets

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the sale, the chief financial officer directly owned 14,163 shares of the company’s stock, valued at approximately $923,710.86. This represents a 40.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Taylor Morrison Home Stock Performance

TMHC stock opened at $68.06 on Monday. The company has a market capitalization of $6.83 billion, a P/E ratio of 7.86 and a beta of 1.53. The company has a 50-day simple moving average of $62.33 and a 200 day simple moving average of $60.41. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of analyst reports. Bank of America initiated coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a “buy” rating and a $70.00 price objective 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. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. 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. Finally, Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the stock an “overweight” rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $76.88.

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.