O Shaughnessy Asset Management LLC Has $3.16 Million Stake in Taylor Morrison Home Co. (NYSE:TMHC)

O Shaughnessy Asset Management LLC trimmed its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 20.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,892 shares of the construction company’s stock after selling 12,994 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Taylor Morrison Home were worth $3,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Rise Advisors LLC acquired a new stake in Taylor Morrison Home in the 1st quarter worth approximately $26,000. ICA Group Wealth Management LLC acquired a new stake in Taylor Morrison Home in the 4th quarter worth approximately $27,000. Private Wealth Management Group LLC acquired a new stake in Taylor Morrison Home in the 4th quarter worth approximately $39,000. Daiwa Securities Group Inc. acquired a new stake in Taylor Morrison Home in the 4th quarter worth approximately $48,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Taylor Morrison Home in the 1st quarter worth approximately $82,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the 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 completion of the transaction, the director now directly owns 2,255,316 shares in the company, valued at $145,084,478.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the transaction, the chief executive officer now owns 19,211 shares in the company, valued at $1,185,318.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 2,255,316 shares in the company, valued at approximately $145,084,478.28. The disclosure for this sale can be found here. Insiders sold 160,000 shares of company stock worth $10,089,200 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMHC has been the topic of several recent analyst reports. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Wedbush reissued an “outperform” rating and issued a $61.00 price objective on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Raymond James started coverage on Taylor Morrison Home in a research report on Wednesday. They issued an “outperform” rating and a $75.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.33.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC traded down $0.35 during trading hours on Wednesday, reaching $65.58. The stock had a trading volume of 1,352,192 shares, compared to its average volume of 779,164. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.16 and a quick ratio of 0.91. The business’s fifty day moving average is $57.59 and its two-hundred day moving average is $56.63. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $67.66. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 9.61 and a beta of 1.95.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.18. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the company posted $1.74 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts expect that Taylor Morrison Home Co. will post 7.62 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.