Algert Global LLC Boosts Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Algert Global LLC raised its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 21.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 167,532 shares of the construction company’s stock after buying an additional 29,415 shares during the period. Algert Global LLC owned about 0.16% of Taylor Morrison Home worth $9,288,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in shares of Taylor Morrison Home during the 1st quarter valued at $26,000. ICA Group Wealth Management LLC bought a new stake in Taylor Morrison Home during the fourth quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Taylor Morrison Home in the second quarter worth about $31,000. Fidelis Capital Partners LLC bought a new position in shares of Taylor Morrison Home in the first quarter worth about $82,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Taylor Morrison Home during the 1st quarter valued at about $91,000. 95.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the transaction, the director now owns 2,255,316 shares in the company, valued at $145,084,478.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the stock in a transaction 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 sale, the director now owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the transaction, the director now owns 2,255,316 shares in the company, valued at $145,084,478.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,072 shares of company stock worth $5,971,357. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Stock Up 2.0 %

TMHC opened at $70.27 on Friday. The company has a market capitalization of $7.32 billion, a PE ratio of 10.05 and a beta of 1.96. The firm has a 50-day simple moving average of $65.56 and a two-hundred day simple moving average of $60.37. 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 Co. has a 52 week low of $37.23 and a 52 week high of $71.95.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Raymond James assumed coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective on the stock. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Royal Bank of Canada increased their price target on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Barclays boosted their price objective on Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.17.

Taylor Morrison Home Company 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.