Cerity Partners LLC Boosts Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Cerity Partners LLC lifted its position in Taylor Morrison Home Co. (NYSE:TMHC) by 47.2% in the third quarter, Holdings Channel.com reports. The firm owned 17,689 shares of the construction company’s stock after purchasing an additional 5,668 shares during the quarter. Cerity Partners LLC’s holdings in Taylor Morrison Home were worth $1,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMHC. V Square Quantitative Management LLC purchased a new stake in Taylor Morrison Home during the 3rd quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home in the 2nd quarter worth approximately $31,000. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $34,000. UMB Bank n.a. raised its position in shares of Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after acquiring an additional 388 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $62,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $72.90 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $69.99 and its two-hundred day simple moving average is $64.34. The stock has a market cap of $7.54 billion, a PE ratio of 9.64 and a beta of 1.97. Taylor Morrison Home Co. has a 52 week low of $45.81 and a 52 week high of $75.49.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm earned $1.62 earnings per share. The business’s quarterly revenue was up 26.6% on a year-over-year basis. As a group, analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank of Canada increased their target price 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. Raymond James reaffirmed an “outperform” rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Finally, Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 24,284 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Darrell Sherman sold 68,433 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,699,798.50. This trade represents a 38.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,621 shares of company stock valued at $9,164,869. 3.50% of the stock is currently owned by insiders.

About Taylor Morrison Home

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.