Hanlon Investment Management Inc. Cuts Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Hanlon Investment Management Inc. lowered its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 7.9% in the third quarter, Holdings Channel reports. The institutional investor owned 12,574 shares of the construction company’s stock after selling 1,084 shares during the period. Hanlon Investment Management Inc.’s holdings in Taylor Morrison Home were worth $883,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TMHC. Wedge Capital Management L L P NC lifted its stake in shares of Taylor Morrison Home by 1,910.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after purchasing an additional 691,711 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Taylor Morrison Home by 271.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock valued at $62,955,000 after buying an additional 654,541 shares in the last quarter. Lord Abbett & CO. LLC grew its position in shares of Taylor Morrison Home by 203.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock worth $27,400,000 after buying an additional 295,256 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Taylor Morrison Home by 18.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock worth $43,590,000 after buying an additional 122,864 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Taylor Morrison Home by 127.6% during 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 in the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 2.1 %

NYSE TMHC opened at $70.11 on Tuesday. The company has a fifty day moving average of $68.05 and a 200 day moving average of $62.30. The company has a market capitalization of $7.25 billion, a PE ratio of 9.27 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home Co. has a 1 year low of $41.99 and a 1 year high of $71.95.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The company’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 earnings per share. Research analysts forecast that Taylor Morrison Home Co. will post 8.43 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Darrell Sherman sold 68,433 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at $7,699,798.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 95,262 shares of company stock worth $6,702,557. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TMHC. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $65.00 to $85.00 in a report on Friday, October 25th. 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 report on Tuesday, October 29th. Finally, Barclays increased their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.33.

About Taylor Morrison Home

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.