SVB Wealth LLC acquired a new position in Taylor Morrison Home Co. (NYSE:TMHC – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,608 shares of the construction company’s stock, valued at approximately $224,000.
Several other hedge funds and other institutional investors have also bought and sold shares of TMHC. Norges Bank purchased a new position in Taylor Morrison Home in the fourth quarter worth $63,137,000. Allspring Global Investments Holdings LLC raised its stake in shares of Taylor Morrison Home by 4,586.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after purchasing an additional 649,230 shares during the period. Assetmark Inc. raised its stake in shares of Taylor Morrison Home by 99.3% during the 4th quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock valued at $41,976,000 after purchasing an additional 391,964 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of Taylor Morrison Home by 203.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock valued at $27,400,000 after purchasing an additional 295,256 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Taylor Morrison Home by 203.9% during the 4th quarter. Franklin Resources Inc. now owns 418,851 shares of the construction company’s stock valued at $22,346,000 after purchasing an additional 281,017 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.
Insider Activity at Taylor Morrison Home
In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the completion of the transaction, the director now owns 2,225,316 shares in the company, valued at $147,560,703.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total value of $6,170,000.00. Following the transaction, the chief executive officer now owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The disclosure for this sale can be found here. Insiders sold 190,000 shares of company stock worth $12,136,317 in the last ninety days. 3.50% of the stock is owned by company insiders.
Taylor Morrison Home Price Performance
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last issued its earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.18. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. Taylor Morrison Home’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 EPS. Equities analysts predict that Taylor Morrison Home Co. will post 7.64 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on TMHC. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Wedbush restated a “neutral” rating and set a $65.00 target price (up from $61.00) on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. Raymond James assumed coverage on Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 target price for the company. Finally, Royal Bank of Canada boosted their target price on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.60.
Check Out Our Latest Research Report on TMHC
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.
Further Reading
- Five stocks we like better than Taylor Morrison Home
- Quiet Period Expirations Explained
- Invest Like Congress: 2 ETFs to Add to Your Watchlist
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- AI Boom or Bubble? Strategies for Success in a Volatile Sector
- Find and Profitably Trade Stocks at 52-Week Lows
- Oilfield Infrastructure Stock Soars Over 50% on Bold Acquisition
Receive News & Ratings for Taylor Morrison Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Morrison Home and related companies with MarketBeat.com's FREE daily email newsletter.