Taylor Morrison Home Co. (NYSE:TMHC) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 22.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,901 shares of the construction company’s stock after purchasing an additional 24,500 shares during the period. First Eagle Investment Management LLC owned about 0.13% of Taylor Morrison Home worth $7,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMHC. Rise Advisors LLC purchased a new stake in Taylor Morrison Home during the first quarter worth $26,000. ICA Group Wealth Management LLC purchased a new stake in shares of Taylor Morrison Home during the 4th quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Taylor Morrison Home during the 2nd quarter valued at about $31,000. Fidelis Capital Partners LLC acquired a new stake in shares of Taylor Morrison Home during the 1st quarter valued at about $82,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Taylor Morrison Home in the 1st quarter valued at about $91,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $71.86 on Friday. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $71.95. The company has a market cap of $7.49 billion, a P/E ratio of 10.28 and a beta of 1.96. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $64.84 and its 200-day moving average price is $59.88.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.06. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.87 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. On average, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Monday, August 19th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Wedbush reissued a “neutral” rating and issued a $65.00 price target (up previously from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. Barclays increased their price objective on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Finally, Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.17.

Insider Activity

In other news, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $145,084,478.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the transaction, the director now owns 2,195,316 shares of the company’s stock, valued at $149,347,347.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction dated 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 sale, the director now owns 2,255,316 shares of the company’s stock, valued at $145,084,478.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,072 shares of company stock valued at $5,971,357. 3.50% of the stock is currently owned by insiders.

Taylor Morrison Home Company 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.