Atria Investments Inc Reduces Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Atria Investments Inc lowered its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 2.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,075 shares of the construction company’s stock after selling 437 shares during the quarter. Atria Investments Inc’s holdings in Taylor Morrison Home were worth $1,129,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TMHC. Forum Financial Management LP grew its stake in Taylor Morrison Home by 3.9% during the 2nd quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock worth $246,000 after buying an additional 165 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in Taylor Morrison Home by 2.1% during the 3rd quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock worth $640,000 after buying an additional 191 shares during the last quarter. TCW Group Inc. grew its stake in Taylor Morrison Home by 0.4% during the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock worth $2,894,000 after buying an additional 213 shares during the last quarter. Arizona State Retirement System grew its stake in Taylor Morrison Home by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock worth $1,652,000 after buying an additional 266 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in Taylor Morrison Home by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 14,831 shares of the construction company’s stock worth $822,000 after buying an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Raymond James reaffirmed an “outperform” rating and set a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. BTIG Research increased their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Barclays increased their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Taylor Morrison Home Stock Down 0.2 %

TMHC opened at $70.02 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The business has a 50 day simple moving average of $68.99 and a 200-day simple moving average of $63.14. The stock has a market capitalization of $7.25 billion, a P/E ratio of 9.26 and a beta of 1.96. Taylor Morrison Home Co. has a 12 month low of $44.32 and a 12 month high of $74.69.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm earned $1.62 EPS. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, equities analysts anticipate that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the transaction, the director now owns 2,136,241 shares of the company’s stock, valued at approximately $153,980,251.28. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,645,190. The trade was a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,337 shares of company stock valued at $7,356,683 in the last ninety days. Corporate 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.