Kendall Capital Management Reduces Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Kendall Capital Management decreased its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 1.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 22,675 shares of the construction company’s stock after selling 305 shares during the period. Kendall Capital Management’s holdings in Taylor Morrison Home were worth $1,257,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Forum Financial Management LP lifted its holdings in Taylor Morrison Home by 3.9% during the 2nd quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock worth $246,000 after purchasing an additional 165 shares in the last quarter. TCW Group Inc. raised its holdings in shares of Taylor Morrison Home by 0.4% in the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock valued at $2,894,000 after acquiring an additional 213 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Taylor Morrison Home by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock valued at $1,652,000 after acquiring an additional 266 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Taylor Morrison Home by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 14,831 shares of the construction company’s stock valued at $822,000 after acquiring an additional 267 shares in the last quarter. Finally, Hanlon Investment Management Inc. raised its holdings in shares of Taylor Morrison Home by 2.0% in the 2nd quarter. Hanlon Investment Management Inc. now owns 13,658 shares of the construction company’s stock valued at $757,000 after acquiring an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $66.31, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the company’s 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 sale, the director now directly owns 2,225,316 shares in the company, valued at $147,560,703.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William H. Lyon sold 28,259 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $68.25, for a total value of $1,928,676.75. Following the sale, the director now owns 2,197,057 shares in the company, valued at $149,949,140.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,072 shares of company stock valued at $5,971,357. Company insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Down 0.0 %

TMHC stock opened at $69.72 on Thursday. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $71.69. The business has a fifty day moving average price of $64.59 and a 200-day moving average price of $59.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. The stock has a market capitalization of $7.27 billion, a P/E ratio of 9.97 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.87 billion. Equities analysts forecast that Taylor Morrison Home Co. will post 8.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on TMHC. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Raymond James began coverage on Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective on the stock. BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Monday, August 19th. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Finally, Wedbush restated a “neutral” rating and set a $65.00 price target (up from $61.00) on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and an average price target of $70.17.

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.