Ethic Inc. Trims Position in Taylor Morrison Home Corporation $TMHC

Ethic Inc. trimmed its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 20.5% in the second quarter, Holdings Channel reports. The firm owned 21,424 shares of the construction company’s stock after selling 5,522 shares during the period. Ethic Inc.’s holdings in Taylor Morrison Home were worth $1,313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMHC. GAMMA Investing LLC increased its position in shares of Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after purchasing an additional 444 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Taylor Morrison Home during the 1st quarter worth about $258,000. Janney Montgomery Scott LLC increased its position in shares of Taylor Morrison Home by 17.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company’s stock worth $484,000 after purchasing an additional 1,201 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Taylor Morrison Home during the 1st quarter worth about $1,254,000. Finally, Diversified Trust Co acquired a new stake in shares of Taylor Morrison Home during the 1st quarter worth about $448,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TMHC shares. Weiss Ratings reissued a “buy (b)” rating on shares of Taylor Morrison Home in a research report on Wednesday, October 8th. Bank of America dropped their target price on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Thursday. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada dropped their target price on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Buy” and a consensus target price of $76.38.

Insider Activity

In related news, Director Anne L. Mariucci sold 14,002 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 48,191 shares in the company, valued at $3,373,370. The trade was a 22.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Curtis Vanhyfte sold 9,754 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the sale, the chief financial officer owned 14,163 shares of the company’s stock, valued at approximately $923,710.86. The trade was a 40.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,351 shares of company stock worth $4,700,630. 1.40% of the stock is currently owned by company insiders.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $60.31 on Monday. The stock has a 50-day simple moving average of $66.21 and a 200-day simple moving average of $62.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02. The stock has a market capitalization of $6.05 billion, a PE ratio of 7.27 and a beta of 1.61. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.18. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.40 EPS. On average, analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Taylor Morrison Home 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.