Quantbot Technologies LP Sells 27,684 Shares of Taylor Morrison Home Corporation $TMHC

Quantbot Technologies LP cut its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 23.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,143 shares of the construction company’s stock after selling 27,684 shares during the quarter. Quantbot Technologies LP’s holdings in Taylor Morrison Home were worth $5,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Taylor Morrison Home in the second quarter valued at about $93,627,000. Charles Schwab Investment Management Inc. boosted its holdings in Taylor Morrison Home by 1.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,374,540 shares of the construction company’s stock valued at $84,424,000 after purchasing an additional 20,902 shares during the period. American Century Companies Inc. grew its position in shares of Taylor Morrison Home by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 1,069,859 shares of the construction company’s stock worth $65,711,000 after purchasing an additional 192,554 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Taylor Morrison Home by 0.5% during the second quarter. Franklin Resources Inc. now owns 1,043,809 shares of the construction company’s stock worth $64,111,000 after purchasing an additional 4,904 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Taylor Morrison Home in the first quarter valued at approximately $51,329,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 0.3%

Shares of NYSE TMHC opened at $63.05 on Wednesday. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 7.60 and a beta of 1.58. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $73.58. The stock has a 50-day moving average price of $61.73 and a two-hundred day moving average price of $62.72.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company posted $2.40 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director Anne L. Mariucci sold 14,002 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $70.00, for a total transaction of $980,140.00. Following the sale, the director directly owned 48,191 shares in the company, valued at approximately $3,373,370. The trade was a 22.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sheryl Palmer sold 13,513 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the transaction, the chief executive officer owned 370,475 shares of the company’s stock, valued at approximately $26,696,428.50. This trade represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank Of Canada dropped their price objective on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Bank of America cut their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Weiss Ratings raised shares of Taylor Morrison Home from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Finally, Wedbush restated an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $75.29.

Taylor Morrison Home Profile

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.