EMG Holdings L.P. Purchases Shares of 110,000 Taylor Morrison Home Co. (NYSE:TMHC)

EMG Holdings L.P. purchased a new stake in Taylor Morrison Home Co. (NYSE:TMHC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 110,000 shares of the construction company’s stock, valued at approximately $6,098,000. Taylor Morrison Home accounts for 3.0% of EMG Holdings L.P.’s investment portfolio, making the stock its 6th biggest holding. EMG Holdings L.P. owned about 0.11% of Taylor Morrison Home as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in shares of Taylor Morrison Home during the first quarter valued at approximately $26,000. ICA Group Wealth Management LLC acquired a new position in shares of Taylor Morrison Home during the fourth quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Taylor Morrison Home during the second quarter valued at approximately $31,000. Fidelis Capital Partners LLC acquired a new position in shares of Taylor Morrison Home during the first quarter valued at approximately $82,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Taylor Morrison Home during the first quarter valued at approximately $91,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TMHC. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Royal Bank of Canada raised their target price on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Raymond James began coverage on shares of Taylor Morrison Home in a report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 target price for the company. Wedbush restated a “neutral” rating and set a $65.00 target price (up from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. Finally, BTIG Research upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price for the company in a report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.17.

Taylor Morrison Home Trading Up 3.1 %

Taylor Morrison Home stock opened at $71.86 on Friday. The company has a 50 day moving average price of $64.84 and a 200 day moving average price of $59.88. Taylor Morrison Home Co. has a 52 week low of $37.23 and a 52 week high of $71.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 10.28 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.06. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.87 billion. Research analysts forecast that Taylor Morrison Home Co. will post 8.15 EPS for the current year.

Insider Buying and Selling 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 on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the completion of the sale, the director now owns 2,255,316 shares of the company’s stock, valued at approximately $145,084,478.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the transaction, the director now owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the transaction, the director now owns 2,255,316 shares in the company, valued at approximately $145,084,478.28. The disclosure for this sale can be found here. Insiders sold 90,072 shares of company stock valued at $5,971,357 in the last quarter. Company insiders own 3.50% of the company’s stock.

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.