Taylor Morrison Home Corporation $TMHC Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 4.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,169 shares of the construction company’s stock after selling 1,593 shares during the period. Yousif Capital Management LLC’s holdings in Taylor Morrison Home were worth $2,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. CWM LLC boosted its stake in Taylor Morrison Home by 196.1% during the second quarter. CWM LLC now owns 9,776 shares of the construction company’s stock worth $600,000 after buying an additional 6,474 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Taylor Morrison Home by 11.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,029 shares of the construction company’s stock valued at $1,537,000 after acquiring an additional 2,508 shares in the last quarter. Inspire Investing LLC raised its holdings in Taylor Morrison Home by 1.7% in the second quarter. Inspire Investing LLC now owns 21,348 shares of the construction company’s stock valued at $1,311,000 after acquiring an additional 367 shares in the last quarter. Blue Trust Inc. raised its holdings in Taylor Morrison Home by 9.3% in the second quarter. Blue Trust Inc. now owns 3,555 shares of the construction company’s stock valued at $218,000 after acquiring an additional 302 shares in the last quarter. Finally, IFP Advisors Inc acquired a new stake in Taylor Morrison Home during the second quarter worth approximately $65,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling

In other news, CEO Sheryl Palmer sold 25,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was 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 of the company’s stock, valued at approximately $26,955,957.60. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Curtis Vanhyfte sold 9,754 shares of the firm’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 transaction, the chief financial officer directly owned 14,163 shares of the company’s stock, valued at $923,710.86. This represents a 40.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,351 shares of company stock worth $4,700,630 over the last ninety days. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Taylor Morrison Home in a research report on Wednesday, October 8th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Bank of America lowered their price objective on shares of 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 equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home presently has an average rating of “Buy” and an average price target of $77.13.

Taylor Morrison Home Stock Down 0.0%

NYSE TMHC opened at $61.73 on Friday. The stock has a market cap of $6.20 billion, a PE ratio of 7.13 and a beta of 1.61. 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 $66.79 and a two-hundred day moving average price of $62.04. 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 released its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.94 by $0.08. The company had revenue of $2.03 billion during 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%.The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 EPS. As a group, sell-side analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal 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.