Bridgewater Associates LP Has $1.79 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Bridgewater Associates LP lifted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 340.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,475 shares of the construction company’s stock after purchasing an additional 19,696 shares during the quarter. Bridgewater Associates LP’s holdings in Taylor Morrison Home were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home during the third quarter worth $29,000. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home during the third quarter valued at about $34,000. UMB Bank n.a. increased its holdings in Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after buying an additional 388 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Taylor Morrison Home in the second quarter valued at approximately $31,000. Finally, Peterson Financial Group Inc. purchased a new stake in Taylor Morrison Home during the 3rd quarter worth about $62,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Down 0.2 %

TMHC stock opened at $73.87 on Monday. Taylor Morrison Home Co. has a one year low of $44.59 and a one year high of $75.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The firm’s 50 day moving average price is $69.86 and its 200-day moving average price is $64.16. The firm has a market cap of $7.64 billion, a PE ratio of 9.77 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the company posted $1.62 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Wall Street Analysts Forecast Growth

TMHC has been the topic of several recent research reports. Raymond James reiterated 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. Barclays lifted their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Finally, Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.33.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director William H. Lyon sold 24,284 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. This represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,621 shares of company stock valued at $9,164,869. 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.