Algert Global LLC Boosts Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Algert Global LLC increased its position in Taylor Morrison Home Co. (NYSE:TMHC) by 5.9% in the third quarter, Holdings Channel.com reports. The fund owned 177,438 shares of the construction company’s stock after purchasing an additional 9,906 shares during the period. Algert Global LLC’s holdings in Taylor Morrison Home were worth $12,467,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TMHC. Forum Financial Management LP lifted its stake in Taylor Morrison Home by 3.9% during the 2nd quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock valued at $246,000 after acquiring an additional 165 shares during the period. Resonant Capital Advisors LLC lifted its position in Taylor Morrison Home by 2.1% during the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock valued at $640,000 after purchasing an additional 191 shares during the period. TCW Group Inc. lifted its position in Taylor Morrison Home by 0.4% during the second quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock valued at $2,894,000 after purchasing an additional 213 shares during the period. Arizona State Retirement System boosted its holdings in Taylor Morrison Home by 0.9% in the second quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock worth $1,652,000 after purchasing an additional 266 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its position in Taylor Morrison Home by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 14,831 shares of the construction company’s stock worth $822,000 after purchasing an additional 267 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TMHC. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Barclays boosted their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, BTIG Research boosted their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Insider Activity

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the completion of the sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,699,798.50. This trade represents a 38.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following the sale, the director now owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,337 shares of company stock worth $7,356,683 in the last three months. Company insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Up 2.3 %

NYSE TMHC opened at $71.07 on Friday. Taylor Morrison Home Co. has a 52 week low of $44.32 and a 52 week high of $74.69. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $7.35 billion, a P/E ratio of 9.40 and a beta of 1.96. The stock’s 50-day moving average price is $69.45 and its 200-day moving average price is $63.59.

Taylor Morrison Home (NYSE:TMHC) last released 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 company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm’s revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 EPS. On average, equities research analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

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.