Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC cut its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 20.9% during the 2nd quarter, Holdings Channel reports. The firm owned 18,875 shares of the construction company’s stock after selling 4,996 shares during the period. ProShare Advisors LLC’s holdings in Taylor Morrison Home were worth $1,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in Taylor Morrison Home by 4,586.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after purchasing an additional 649,230 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Taylor Morrison Home by 22.3% during the 1st quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock valued at $4,761,000 after acquiring an additional 13,987 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Taylor Morrison Home by 36.7% during the 1st quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock worth $22,816,000 after acquiring an additional 98,539 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Taylor Morrison Home by 127.6% in the 1st quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock worth $12,648,000 after acquiring an additional 114,034 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Taylor Morrison Home by 173.0% during the first quarter. SG Americas Securities LLC now owns 18,828 shares of the construction company’s stock worth $1,171,000 after purchasing an additional 11,931 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Up 2.0 %

Taylor Morrison Home stock opened at $70.27 on Friday. The firm’s 50 day moving average price is $65.56 and its two-hundred day moving average price is $60.37. The firm has a market cap of $7.32 billion, a PE ratio of 10.05 and a beta of 1.96. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $71.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on TMHC. Wedbush reissued a “neutral” rating and issued a $65.00 price target (up previously from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. BTIG Research upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Monday, August 19th. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Finally, Raymond James started coverage on Taylor Morrison Home in a report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus price target of $70.17.

Insiders Place Their Bets

In related news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was 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 owns 2,255,316 shares of the company’s stock, valued at approximately $145,084,478.28. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 2,195,316 shares in the company, valued at $149,347,347.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was 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 approximately $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 three months. Insiders own 3.50% of the company’s stock.

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.