Choreo LLC Purchases New Position in Taylor Morrison Home Co. (NYSE:TMHC)

Choreo LLC acquired a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,635 shares of the construction company’s stock, valued at approximately $740,000.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in Taylor Morrison Home during the 1st quarter valued at $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Taylor Morrison Home during the fourth quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Taylor Morrison Home during the second quarter worth $31,000. Private Wealth Management Group LLC acquired a new stake in shares of Taylor Morrison Home in the fourth quarter valued at $39,000. Finally, Fidelis Capital Partners LLC bought a new position in shares of Taylor Morrison Home in the first quarter valued at about $82,000. Institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

TMHC has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Raymond James initiated coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price target on the stock. Wedbush restated a “neutral” rating and issued a $65.00 price objective (up previously from $61.00) on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average price target of $70.17.

Taylor Morrison Home Price Performance

TMHC opened at $68.66 on Friday. The company has a fifty day moving average price of $63.68 and a two-hundred day moving average price of $59.50. The firm has a market capitalization of $7.16 billion, a PE ratio of 9.82 and a beta of 1.96. Taylor Morrison Home Co. has a 52 week low of $37.23 and a 52 week high of $69.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.06. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.87 billion. As a group, analysts anticipate that Taylor Morrison Home Co. will post 8.15 earnings per share for the current year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the transaction, the director now directly owns 2,225,316 shares in the company, valued at $147,560,703.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director William H. Lyon sold 30,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the completion of the sale, the director now directly owns 2,225,316 shares of the company’s stock, valued at approximately $147,560,703.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the sale, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. The disclosure for this sale can be found here. Insiders sold a total of 90,000 shares of company stock worth $5,966,317 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

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.