Janus Henderson Group PLC Has $5.56 Million Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Janus Henderson Group PLC increased its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,201 shares of the construction company’s stock after buying an additional 5,081 shares during the quarter. Janus Henderson Group PLC’s holdings in Taylor Morrison Home were worth $5,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TMHC. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home during the third quarter worth approximately $29,000. Harbor Capital Advisors Inc. acquired a new position in shares of Taylor Morrison Home during the 3rd quarter worth approximately $34,000. UMB Bank n.a. raised its stake in Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after acquiring an additional 388 shares during the period. Peterson Financial Group Inc. acquired a new stake in Taylor Morrison Home during the 3rd quarter valued at $62,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Taylor Morrison Home during the second quarter worth $100,000. 95.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TMHC. Barclays raised their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. 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. Royal Bank of Canada increased their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Finally, Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $85.00 in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $81.40.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now owns 109,217 shares in the company, valued at $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the transaction, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,621 shares of company stock valued at $9,164,869. Company insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $69.42 on Tuesday. The stock has a market capitalization of $7.18 billion, a PE ratio of 9.18 and a beta of 1.97. Taylor Morrison Home Co. has a fifty-two week low of $46.73 and a fifty-two week high of $75.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The business has a fifty day moving average price of $70.00 and a two-hundred day moving average price of $64.65.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the business posted $1.62 earnings per share. Taylor Morrison Home’s revenue was up 26.6% compared to the same quarter last year. As a group, equities analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal 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.