Amalgamated Bank Lowers Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Amalgamated Bank reduced its position in Taylor Morrison Home Co. (NYSE:TMHC) by 8.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,307 shares of the construction company’s stock after selling 4,897 shares during the quarter. Amalgamated Bank’s holdings in Taylor Morrison Home were worth $2,844,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Forum Financial Management LP boosted its stake in Taylor Morrison Home by 3.9% in the second 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 in the last quarter. TCW Group Inc. boosted its stake in shares of Taylor Morrison Home by 0.4% in the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock valued at $2,894,000 after purchasing an additional 213 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of 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 valued at $1,652,000 after purchasing an additional 266 shares during the last quarter. SummerHaven Investment Management LLC raised its position in Taylor Morrison Home by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 14,831 shares of the construction company’s stock worth $822,000 after purchasing an additional 267 shares during the period. Finally, Hanlon Investment Management Inc. lifted its stake in Taylor Morrison Home by 2.0% in the second quarter. Hanlon Investment Management Inc. now owns 13,658 shares of the construction company’s stock worth $757,000 after purchasing an additional 269 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the sale, the director now directly owns 2,255,316 shares in the company, valued at $145,084,478.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director William H. Lyon sold 1,741 shares of the stock in a transaction dated Monday, July 29th. The shares were 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 directly owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the transaction, the director now directly owns 2,255,316 shares of the company’s stock, valued at $145,084,478.28. The disclosure for this sale can be found here. Insiders have sold 90,072 shares of company stock worth $5,971,357 over the last 90 days. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TMHC has been the topic of several analyst reports. Barclays lifted their price objective on Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. BTIG Research raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Monday, August 19th. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Finally, Raymond James started coverage on shares of Taylor Morrison Home in a report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.17.

Taylor Morrison Home Price Performance

TMHC opened at $70.19 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. The stock has a market capitalization of $7.42 billion, a PE ratio of 10.04 and a beta of 1.96. The stock’s 50 day moving average price is $65.19 and its 200-day moving average price is $60.09. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $71.95.

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

Taylor Morrison Home 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.