Sei Investments Co. Lowers Position in Taylor Morrison Home Co. (NYSE:TMHC)

Sei Investments Co. lessened its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 340,593 shares of the construction company’s stock after selling 26,394 shares during the quarter. Sei Investments Co.’s holdings in Taylor Morrison Home were worth $18,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in Taylor Morrison Home during the first quarter valued at approximately $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Taylor Morrison Home during the 4th quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Taylor Morrison Home in the second quarter worth $31,000. Fidelis Capital Partners LLC bought a new position in Taylor Morrison Home in the first quarter valued at $82,000. Finally, Meeder Asset Management Inc. purchased a new stake in Taylor Morrison Home during the first quarter valued at about $91,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Transactions at Taylor Morrison Home

In related news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the transaction, the director now directly owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the transaction, the director now owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $66.31, for a total value of $1,989,300.00. Following the completion of the transaction, the director now directly owns 2,225,316 shares of the company’s stock, valued at approximately $147,560,703.96. The disclosure for this sale can be found here. Insiders have sold 90,072 shares of company stock valued at $5,971,357 in the last three months. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $68.04 on Thursday. The business has a 50 day moving average of $65.35 and a 200 day moving average of $60.23. Taylor Morrison Home Co. has a 52 week low of $37.23 and a 52 week high of $71.95. The company has a market cap of $7.09 billion, a PE ratio of 9.73 and a beta of 1.96. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.06. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.87 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. As a group, equities research analysts forecast that Taylor Morrison Home Co. will post 8.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TMHC. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Barclays boosted their price objective on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home has an average rating of “Moderate Buy” and a consensus price target of $70.17.

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.