Taylor Morrison Home Co. (NYSE:TMHC) Shares Bought by Glenmede Trust Co. NA

Glenmede Trust Co. NA lifted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,784 shares of the construction company’s stock after acquiring an additional 565 shares during the quarter. Glenmede Trust Co. NA’s holdings in Taylor Morrison Home were worth $1,601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after purchasing an additional 69,222 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Taylor Morrison Home by 26.1% during the third 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 during the period. Fisher Asset Management LLC boosted its stake in Taylor Morrison Home by 2.5% in the third quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company’s stock valued at $80,938,000 after acquiring an additional 28,166 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Taylor Morrison Home by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock valued at $59,125,000 after purchasing an additional 4,638 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Taylor Morrison Home by 271.0% during the 3rd 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 during the period. 95.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TMHC has been the subject of a number of analyst reports. Raymond James restated an “outperform” rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $65.00 to $85.00 in a research report on Friday, October 25th. BTIG Research upped their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Taylor Morrison Home Stock Down 0.2 %

TMHC stock opened at $73.87 on Monday. The firm’s 50-day moving average is $69.86 and its two-hundred day moving average is $64.16. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 9.77 and a beta of 1.96. Taylor Morrison Home Co. has a 52 week low of $44.59 and a 52 week high of $75.49. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.06 by $0.31. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 earnings per share. On average, analysts forecast that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Insider Activity

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the sale, the director now owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. This trade represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,621 shares of company stock worth $9,164,869 over the last 90 days. 3.50% of the stock is currently owned by company insiders.

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.