Resonant Capital Advisors LLC Raises Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Resonant Capital Advisors LLC raised its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 3.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,135 shares of the construction company’s stock after acquiring an additional 285 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Taylor Morrison Home were worth $434,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc grew its position in shares of Taylor Morrison Home by 138.9% in the third quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock valued at $26,000 after purchasing an additional 357 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Taylor Morrison Home in the first quarter valued at approximately $44,000. Ronald Blue Trust Inc. grew its position in shares of Taylor Morrison Home by 3,911.1% in the third quarter. Ronald Blue Trust Inc. now owns 1,083 shares of the construction company’s stock valued at $46,000 after purchasing an additional 1,056 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Taylor Morrison Home in the fourth quarter valued at approximately $48,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Taylor Morrison Home in the first quarter valued at approximately $77,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 153,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the completion of the transaction, the director now directly owns 40,570 shares in the company, valued at $2,528,322.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director William H. Lyon sold 153,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total value of $9,534,960.00. Following the sale, the director now directly owns 40,570 shares in the company, valued at $2,528,322.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 33,400 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $56.04, for a total value of $1,871,736.00. Following the completion of the sale, the director now owns 71,570 shares in the company, valued at $4,010,782.80. The disclosure for this sale can be found here. Insiders sold a total of 613,537 shares of company stock worth $36,409,767 over the last ninety days. Company insiders own 5.50% of the company’s stock.

Taylor Morrison Home Trading Up 0.3 %

TMHC opened at $54.19 on Friday. Taylor Morrison Home Co. has a 52 week low of $37.23 and a 52 week high of $62.64. The business has a fifty day simple moving average of $57.38 and a 200-day simple moving average of $50.78. The firm has a market cap of $5.77 billion, a P/E ratio of 7.76 and a beta of 1.87. The company has a quick ratio of 1.13, a current ratio of 6.00 and a debt-to-equity ratio of 0.38.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business posted $2.93 earnings per share. The company’s quarterly revenue was down 19.0% on a year-over-year basis. On average, equities analysts expect that Taylor Morrison Home Co. will post 7.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TMHC shares. Seaport Res Ptn lowered Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Barclays increased their price objective on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $57.20.

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.