Cetera Investment Advisers Acquires 7,086 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Cetera Investment Advisers boosted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 38.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,446 shares of the construction company’s stock after acquiring an additional 7,086 shares during the period. Cetera Investment Advisers’ holdings in Taylor Morrison Home were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in Taylor Morrison Home by 4,586.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after acquiring an additional 649,230 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Taylor Morrison Home by 22.3% during the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock worth $4,761,000 after acquiring an additional 13,987 shares in the last quarter. Sei Investments Co. lifted its holdings in Taylor Morrison Home by 36.7% during the first quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock worth $22,816,000 after acquiring an additional 98,539 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Taylor Morrison Home by 127.6% during the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock worth $12,648,000 after acquiring an additional 114,034 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Taylor Morrison Home by 173.0% in the 1st quarter. SG Americas Securities LLC now owns 18,828 shares of the construction company’s stock valued at $1,171,000 after purchasing an additional 11,931 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $69.00 on Wednesday. The business’s 50 day moving average price is $66.28 and its two-hundred day moving average price is $61.16. The company has a market cap of $7.19 billion, a PE ratio of 10.25 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 Co. has a twelve month low of $37.23 and a twelve month 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 for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.87 billion. On average, analysts predict that Taylor Morrison Home Co. will post 8.15 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on TMHC shares. Royal Bank of Canada lifted their price target on Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Wedbush reissued a “neutral” rating and issued a $65.00 price target (up previously from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Barclays lifted their target price 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average price target of $70.17.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 1,741 shares of the business’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 sale, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $68.25, for a total value of $1,928,676.75. Following the completion of the sale, the director now directly owns 2,197,057 shares in the company, valued at approximately $149,949,140.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the sale, the director now owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,072 shares of company stock worth $4,041,457 over the last quarter. Company insiders own 3.50% of the company’s stock.

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.