Schroder Investment Management Group cut its holdings in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 76.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,049 shares of the construction company’s stock after selling 121,280 shares during the period. Schroder Investment Management Group’s holdings in Taylor Morrison Home were worth $931,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Taylor Morrison Home by 62.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock worth $129,000 after buying an additional 2,060 shares in the last quarter. Dean Capital Investments Management LLC acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth $218,000. Victory Capital Management Inc. lifted its holdings in shares of Taylor Morrison Home by 37.3% during the third quarter. Victory Capital Management Inc. now owns 10,197 shares of the construction company’s stock worth $225,000 after buying an additional 2,768 shares in the last quarter. Optimum Investment Advisors acquired a new position in Taylor Morrison Home in the third quarter valued at about $225,000. Finally, Nordea Investment Management AB raised its stake in Taylor Morrison Home by 66.3% in the third quarter. Nordea Investment Management AB now owns 13,300 shares of the construction company’s stock valued at $293,000 after purchasing an additional 5,300 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.
In other news, insider Joseph Terracciano sold 5,788 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $23.97, for a total transaction of $138,738.36. Following the transaction, the insider now directly owns 4,168 shares of the company’s stock, valued at $99,906.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total value of $40,702,726.48. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
A number of research analysts recently commented on the company. Zacks Investment Research downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. ValuEngine upgraded Taylor Morrison Home from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. Deutsche Bank lifted their target price on Taylor Morrison Home from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. B. Riley boosted their price target on Taylor Morrison Home from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, Barclays set a $28.00 price target on Taylor Morrison Home and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Taylor Morrison Home currently has an average rating of “Buy” and an average price target of $28.33.
Shares of Taylor Morrison Home Corp (TMHC) traded down $0.53 on Wednesday, reaching $23.72. The company’s stock had a trading volume of 417,355 shares, compared to its average volume of 2,123,058. Taylor Morrison Home Corp has a 12-month low of $19.68 and a 12-month high of $28.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.55 and a current ratio of 7.73. The firm has a market capitalization of $2,695.25, a price-to-earnings ratio of 12.14, a PEG ratio of 0.77 and a beta of 1.49.
Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.07. Taylor Morrison Home had a return on equity of 5.76% and a net margin of 2.36%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $0.63 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. equities research analysts expect that Taylor Morrison Home Corp will post 2.61 EPS for the current fiscal year.
Taylor Morrison Home announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 3rd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
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Taylor Morrison Home Profile
Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).
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