Inspire Advisors LLC Has $672,000 Stock Holdings in Taylor Morrison Home Corporation $TMHC

Inspire Advisors LLC decreased its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 14.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,944 shares of the construction company’s stock after selling 1,781 shares during the quarter. Inspire Advisors LLC’s holdings in Taylor Morrison Home were worth $672,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of Taylor Morrison Home during the first quarter worth approximately $243,000. Cerity Partners LLC boosted its holdings in shares of Taylor Morrison Home by 15.6% in the 1st quarter. Cerity Partners LLC now owns 24,507 shares of the construction company’s stock worth $1,471,000 after acquiring an additional 3,311 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in Taylor Morrison Home during the 2nd quarter worth approximately $359,000. Nordea Investment Management AB increased its holdings in Taylor Morrison Home by 3.9% during the 2nd quarter. Nordea Investment Management AB now owns 175,654 shares of the construction company’s stock valued at $10,722,000 after purchasing an additional 6,598 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Taylor Morrison Home by 14.4% in the 1st quarter. American Century Companies Inc. now owns 877,305 shares of the construction company’s stock valued at $52,673,000 after purchasing an additional 110,619 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on TMHC. Royal Bank Of Canada reduced their price objective on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Bank of America cut their price target on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday, October 10th. Weiss Ratings lowered shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, November 13th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $75.29.

Insider Buying and Selling at Taylor Morrison Home

In related news, 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 value of $980,140.00. Following the completion of the sale, the director owned 48,191 shares in the company, valued at approximately $3,373,370. This represents a 22.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Curtis Vanhyfte sold 5,082 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $69.97, for a total value of $355,587.54. Following the completion of the transaction, the chief financial officer directly owned 11,742 shares in the company, valued at $821,587.74. The trade was a 30.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 57,597 shares of company stock worth $4,064,474. Insiders own 1.40% of the company’s stock.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $58.34 on Wednesday. The company has a market cap of $5.70 billion, a PE ratio of 7.03 and a beta of 1.58. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. 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 $63.13 and its two-hundred day moving average is $62.57.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The business had revenue of $94.84 million during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $2.40 earnings per share. Taylor Morrison Home’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

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.