Waldron Private Wealth LLC Purchases Shares of 1,861 Taylor Morrison Home Co. (NYSE:TMHC)

Waldron Private Wealth LLC purchased a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,861 shares of the construction company’s stock, valued at approximately $131,000.

Several other institutional investors have also recently made changes to their positions in TMHC. AlphaMark Advisors LLC bought a new position in Taylor Morrison Home in the first quarter worth approximately $355,000. Allspring Global Investments Holdings LLC increased its position in Taylor Morrison Home by 4,586.6% in the first 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. State of Michigan Retirement System raised its stake in shares of Taylor Morrison Home by 2.3% in the first quarter. State of Michigan Retirement System now owns 26,395 shares of the construction company’s stock worth $1,641,000 after buying an additional 600 shares during the period. Measured Wealth Private Client Group LLC lifted its position in shares of Taylor Morrison Home by 4.1% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 9,744 shares of the construction company’s stock valued at $606,000 after buying an additional 386 shares in the last quarter. Finally, Check Capital Management Inc. CA bought a new position in shares of Taylor Morrison Home during the 1st quarter valued at approximately $211,000. Institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wedbush reaffirmed a “neutral” rating and set a $65.00 price target on shares of Taylor Morrison Home in a report on Wednesday. Royal Bank of Canada upped their target price on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Raymond James began coverage on Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price target for the company. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Barclays boosted their price target 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. Four equities research 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, the stock has an average rating of “Moderate Buy” and an average target price of $70.17.

Insider Activity at Taylor Morrison Home

In other news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the sale, the director now directly owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Taylor Morrison Home news, Director William H. Lyon sold 28,259 shares of Taylor Morrison Home stock in a transaction on Friday, July 26th. The shares were sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the completion of the transaction, the director now directly owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $118,440.23. Following the transaction, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,072 shares of company stock valued at $2,052,157 over the last 90 days. 3.50% of the stock is owned by corporate insiders.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $67.22 on Thursday. The company has a market capitalization of $7.01 billion, a P/E ratio of 9.99 and a beta of 1.96. The business’s 50-day moving average is $67.31 and its 200 day moving average is $61.53. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. Taylor Morrison Home Co. has a 12 month low of $37.23 and a 12 month high of $71.95.

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

Taylor Morrison Home Company 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.