Canada Pension Plan Investment Board Sells 44,300 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Canada Pension Plan Investment Board trimmed its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 14.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 252,100 shares of the construction company’s stock after selling 44,300 shares during the period. Canada Pension Plan Investment Board owned approximately 0.24% of Taylor Morrison Home worth $13,976,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in Taylor Morrison Home in the first quarter worth $26,000. ICA Group Wealth Management LLC bought a new stake in Taylor Morrison Home in the fourth quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Taylor Morrison Home in the second quarter worth about $31,000. Fidelis Capital Partners LLC purchased a new position in shares of Taylor Morrison Home during the first quarter valued at approximately $82,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Taylor Morrison Home during the first quarter valued at approximately $91,000. 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 transaction of $1,989,300.00. Following the sale, the director now owns 2,225,316 shares in the company, valued at $147,560,703.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Taylor Morrison Home news, Director William H. Lyon sold 28,259 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the completion of the sale, the director now directly owns 2,197,057 shares in the company, valued at approximately $149,949,140.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William H. Lyon sold 30,000 shares of the stock in a transaction 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 owns 2,225,316 shares in the company, valued at approximately $147,560,703.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,072 shares of company stock worth $5,971,357. 3.50% of the stock is owned by insiders.

Taylor Morrison Home Stock Up 0.5 %

Shares of Taylor Morrison Home stock opened at $70.19 on Tuesday. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $71.95. The firm’s 50 day moving average price is $65.19 and its 200-day moving average price is $60.09. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The company has a market cap of $7.42 billion, a P/E ratio of 10.04 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share (EPS) 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 the consensus estimate of $1.87 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. On average, sell-side analysts predict that Taylor Morrison Home Co. will post 8.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on TMHC. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Monday, August 19th. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Barclays raised their price objective on Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, Wedbush reiterated a “neutral” rating and issued a $65.00 target price (up from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.17.

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.