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

Resonant Capital Advisors LLC boosted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,103 shares of the construction company’s stock after purchasing an additional 191 shares during the period. Resonant Capital Advisors LLC’s holdings in Taylor Morrison Home were worth $640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wedge Capital Management L L P NC increased its holdings in Taylor Morrison Home by 1,910.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after buying an additional 691,711 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Taylor Morrison Home by 4,586.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after acquiring an additional 649,230 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Taylor Morrison Home by 203.0% in the first quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock worth $27,400,000 after acquiring an additional 295,256 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of 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 valued at $12,648,000 after purchasing an additional 114,034 shares during the last quarter. Finally, EMG Holdings L.P. bought a new position in Taylor Morrison Home during the second quarter valued at approximately $6,098,000. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Up 1.5 %

NYSE TMHC opened at $70.97 on Monday. Taylor Morrison Home Co. has a 52 week low of $37.23 and a 52 week high of $71.95. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $7.40 billion, a P/E ratio of 10.55 and a beta of 1.96. The stock’s 50-day moving average price is $66.93 and its 200-day moving average price is $61.39.

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

Insider Activity

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 value of $118,440.23. Following the completion of the sale, the director now owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director William H. Lyon sold 28,259 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the sale, the director now owns 2,197,057 shares of the company’s stock, valued at approximately $149,949,140.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Lyon sold 1,741 shares of the company’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 value 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 $149,347,347.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,072 shares of company stock worth $2,052,157 in the last three months. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TMHC. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Barclays boosted their price target on Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Wedbush reiterated a “neutral” rating and issued a $65.00 price objective (up previously from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. Finally, BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus 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.