Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC cut its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 20.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 18,875 shares of the construction company’s stock after selling 4,996 shares during the period. ProShare Advisors LLC’s holdings in Taylor Morrison Home were worth $1,046,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TMHC. Wedge Capital Management L L P NC grew its stake in shares of Taylor Morrison Home by 1,910.4% during the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after acquiring an additional 691,711 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Taylor Morrison Home by 4,586.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after purchasing an additional 649,230 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in Taylor Morrison Home by 203.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock worth $27,400,000 after purchasing an additional 295,256 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Taylor Morrison Home by 127.6% in the 1st quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock valued at $12,648,000 after purchasing an additional 114,034 shares in the last quarter. Finally, EMG Holdings L.P. acquired a new position in shares of Taylor Morrison Home in the 2nd quarter valued at approximately $6,098,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Raymond James began coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 target price on the stock. BTIG Research upgraded 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. Finally, StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.17.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $70.27 on Friday. 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 firm’s 50-day moving average price is $65.56 and its two-hundred day moving average price is $60.37. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $71.95. The stock has a market capitalization of $7.32 billion, a P/E ratio of 10.05 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.15 earnings per share for the current year.

Insider Buying and Selling at Taylor Morrison Home

In related 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 value of $118,440.23. Following the sale, the director now owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Taylor Morrison Home news, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the completion of the transaction, the director now owns 2,197,057 shares in the company, valued at approximately $149,949,140.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $118,440.23. Following the transaction, 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. Over the last three months, insiders have sold 90,072 shares of company stock worth $5,971,357. 3.50% of the stock is owned by insiders.

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.