Amalgamated Bank Sells 4,897 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Amalgamated Bank lowered its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 8.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 51,307 shares of the construction company’s stock after selling 4,897 shares during the period. Amalgamated Bank’s holdings in Taylor Morrison Home were worth $2,844,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Forum Financial Management LP boosted its position in Taylor Morrison Home by 3.9% during the second quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock valued at $246,000 after acquiring an additional 165 shares during the last quarter. TCW Group Inc. grew its position in shares of Taylor Morrison Home by 0.4% during the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock worth $2,894,000 after buying an additional 213 shares during the period. Arizona State Retirement System increased its stake 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 lifted its position in shares of Taylor Morrison Home by 1.8% during 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 during the period. Finally, Hanlon Investment Management Inc. boosted its stake in Taylor Morrison Home by 2.0% during the second quarter. Hanlon Investment Management Inc. now owns 13,658 shares of the construction company’s stock worth $757,000 after acquiring an additional 269 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TMHC. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. 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 target price on the stock. Wedbush reissued a “neutral” rating and issued a $65.00 price target (up from $61.00) on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. Finally, BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.17.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the sale, the director now owns 2,225,316 shares of the company’s stock, valued at approximately $147,560,703.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 completion of the transaction, the director now owns 2,225,316 shares of the company’s stock, valued at approximately $147,560,703.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Lyon sold 1,741 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the sale, the director now directly owns 2,195,316 shares in the company, valued at $149,347,347.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,072 shares of company stock worth $5,971,357. 3.50% of the stock is owned by corporate insiders.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $70.19 on Tuesday. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 10.04 and a beta of 1.96. The stock has a fifty day simple moving average of $65.19 and a two-hundred day simple moving average of $60.09. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $71.95.

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

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.