Range Financial Group LLC Takes Position in Taylor Morrison Home Co. (NYSE:TMHC)

Range Financial Group LLC acquired a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,009 shares of the construction company’s stock, valued at approximately $307,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in Taylor Morrison Home by 271.0% in the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after purchasing an additional 654,541 shares in the last quarter. Vision Capital Corp bought a new position in Taylor Morrison Home during the 3rd quarter worth approximately $38,173,000. Charles Schwab Investment Management Inc. grew its position in shares of Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after acquiring an additional 282,227 shares in the last quarter. Barclays PLC increased its holdings in shares of Taylor Morrison Home by 66.4% in the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock valued at $29,539,000 after acquiring an additional 167,735 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at approximately $10,291,000. Institutional investors own 95.16% of the company’s stock.

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 dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Darrell Sherman sold 68,433 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the completion of the sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at approximately $7,699,798.50. This represents a 38.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,549 shares of company stock worth $9,159,829 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BTIG Research boosted their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. cut their price target on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus target price of $85.33.

Taylor Morrison Home Stock Performance

TMHC opened at $59.96 on Wednesday. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $67.55 and its 200-day moving average is $65.50. The stock has a market cap of $6.20 billion, a PE ratio of 7.93 and a beta of 2.01. Taylor Morrison Home Co. has a twelve month low of $50.68 and a twelve month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share 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 firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the business earned $1.62 EPS. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

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.