BTC Capital Management Inc. Buys 710 Shares of Taylor Morrison Home Corporation $TMHC

BTC Capital Management Inc. boosted its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 13.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,152 shares of the construction company’s stock after purchasing an additional 710 shares during the period. BTC Capital Management Inc.’s holdings in Taylor Morrison Home were worth $377,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock valued at $40,000 after purchasing an additional 444 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock valued at $48,000 after purchasing an additional 262 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Taylor Morrison Home by 50.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company’s stock valued at $51,000 after purchasing an additional 282 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Taylor Morrison Home by 29.9% in the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock worth $54,000 after purchasing an additional 203 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Taylor Morrison Home by 27.8% in the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company’s stock worth $62,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $67.66 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74. The firm has a market capitalization of $6.79 billion, a P/E ratio of 7.81 and a beta of 1.58. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The company’s 50-day moving average is $66.08 and its 200 day moving average is $61.45.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Research analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TMHC shares. Bank of America increased their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Seaport Res Ptn raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home presently has an average rating of “Buy” and a consensus target price of $77.50.

Insider Activity

In related news, CEO Sheryl Palmer sold 13,513 shares of Taylor Morrison Home stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the sale, the chief executive officer owned 370,475 shares in the company, valued at $26,696,428.50. This trade represents a 3.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anne L. Mariucci sold 14,002 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $70.00, for a total transaction of $980,140.00. Following the completion of the transaction, the director owned 48,191 shares in the company, valued at $3,373,370. This represents a 22.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,351 shares of company stock valued at $4,700,630. 1.40% of the stock is currently owned by company insiders.

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.