Alpha DNA Investment Management LLC Decreases Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Alpha DNA Investment Management LLC lessened its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 41.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 6,034 shares of the construction company’s stock after selling 4,320 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Taylor Morrison Home were worth $335,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TMHC. Wedge Capital Management L L P NC increased its stake in shares of Taylor Morrison Home by 1,910.4% during the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after purchasing an additional 691,711 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Taylor Morrison Home by 4,586.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after buying an additional 649,230 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Taylor Morrison Home by 203.0% during the first quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock valued at $27,400,000 after acquiring an additional 295,256 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Taylor Morrison Home by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock valued at $12,648,000 after acquiring an additional 114,034 shares in the last quarter. Finally, EMG Holdings L.P. acquired a new stake in shares of Taylor Morrison Home in the second quarter worth approximately $6,098,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director William H. Lyon sold 30,000 shares of the business’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 sale, the director now directly owns 2,255,316 shares in the company, valued at approximately $145,084,478.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Taylor Morrison Home news, Director William H. Lyon sold 28,259 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the transaction, the director now directly owns 2,197,057 shares in the company, valued at $149,949,140.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction on 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 of the company’s stock, valued at $145,084,478.28. The disclosure for this sale can be found here. Insiders have sold a total of 90,072 shares of company stock valued at $5,971,357 in the last quarter. Insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

TMHC has been the subject of several recent research reports. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Barclays increased their target price on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Wedbush restated a “neutral” rating and set a $65.00 price target (up from $61.00) on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. Raymond James started coverage on shares of Taylor Morrison Home in a report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price objective for the company. Finally, BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.17.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $68.04 on Thursday. The company’s 50-day moving average is $65.35 and its two-hundred day moving average is $60.23. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $71.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 9.73 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.06. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. Analysts forecast that Taylor Morrison Home Co. will post 8.15 EPS 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.