Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 58.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,491 shares of the construction company’s stock after selling 339,574 shares during the quarter. Assenagon Asset Management S.A. owned about 0.23% of Taylor Morrison Home worth $13,388,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in shares of Taylor Morrison Home by 9,467.3% in the fourth quarter. International Assets Investment Management LLC now owns 14,351 shares of the construction company’s stock worth $766,000 after acquiring an additional 14,201 shares during the period. Cerity Partners LLC increased its stake in shares of Taylor Morrison Home by 17.7% in the fourth quarter. Cerity Partners LLC now owns 8,741 shares of the construction company’s stock worth $466,000 after acquiring an additional 1,316 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Taylor Morrison Home in the fourth quarter worth $1,611,000. Daiwa Securities Group Inc. acquired a new stake in shares of Taylor Morrison Home in the fourth quarter worth $48,000. Finally, AIA Group Ltd acquired a new stake in shares of Taylor Morrison Home in the fourth quarter worth $207,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Taylor Morrison Home 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 transaction, the director now directly owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Lyon sold 28,259 shares of the business’s 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 in the company, valued at $149,949,140.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,000 shares of company stock worth $5,966,317. 3.50% of the stock is currently owned by insiders.

Taylor Morrison Home Stock Down 0.3 %

Shares of NYSE TMHC traded down $0.19 during midday trading on Friday, hitting $61.57. The company’s stock had a trading volume of 685,079 shares, compared to its average volume of 896,147. The business’s fifty day simple moving average is $59.48 and its two-hundred day simple moving average is $57.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. Taylor Morrison Home Co. has a 1 year low of $37.23 and a 1 year high of $69.62. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 8.81 and a beta of 1.95.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.06. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.87 billion. On average, equities analysts predict that Taylor Morrison Home Co. will post 7.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TMHC shares. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Wedbush reissued a “neutral” rating and set a $65.00 price target (up from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Barclays increased their price objective on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.60.

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.